TNPSC Thervupettagam

Swiss and India: Automatic Exchange of Information

September 2 , 2019 1941 days 917 0
  • The Automatic Exchange of Information (AEOI) regime kicked off between Switzerland and India from September 1, 2019.
  • With this, banking details of Indians with accounts in Switzerland will be available to Indian tax authorities.
  • India will receive information of the calendar year 2018 in respect of all financial accounts held (or closed) by Indian residents in Switzerland.
  • AEOI is the exchange of information between countries without having to request it.
  • India and Switzerland had signed AEOI on November 22, 2016

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