Global forum on transparency and exchange of information for tax purposes : Switzerland 2020 (second round) : peer review report on the exchange of information on request

This report analyses the implementation of the international standard of transparency and exchange of information on request in Switzerland on the second round of reviews conducted by the Global Forum against the 2016 Terms of Reference. It assesses both the legal and regulatory framework as at 20 December 2019 and the practical implementation of this framework, in particular in respect of EOI requests received and sent during the review period from 1 July 2015 to 30 June 2018. This report concludes that Switzerland continues to be rated overall Largely Compliant with the international standard. In 2016, the Global Forum evaluated Switzerland in a combined review against the 2010 Terms of Reference for both the legal implementation of the EOIR standard as well as its operation in practice. The report of that evaluation (the 2016 Report) concluded that Switzerland was rated Largely Compliant overall. Table of contents Reader’s guide Abbreviations and acronyms Executive summary Overview of Switzerland Part A: Availability of information A.1. Legal and beneficial ownership and identity information A.2. Accounting records A.3. Banking information Part B: Access to information B.1. Competent authority’s ability to obtain and provide information B.2. Notification requirements, rights and safeguards Part C: Exchanging information C.1. Exchange of information mechanisms C.2. Exchange of information mechanisms with all relevant partners C.3. Confidentiality C.4. Rights and safeguards of taxpayers and third parties C.5. Requesting and providing information in an effective manner Annex 1: List of in-text recommendations Annex 2: List of Switzerland’s EOI mechanisms Annex 3: Methodology for the review Annex 4: Switzerland’s response to the review report This Report Contains The 2020 Peer Review Report On The Exchange Of Information On Request Of Switzerland.