The European Parliament approved resolutions authorising protocols to update agreements on the automatic exchange of financial account information under the CRS with Andorra, Monaco, San Marino, Liechtenstein, and Switzerland.
The European Parliament approved Legislative Resolution Nos. P10_TA(2025)0269 (Andorra), P10_TA(2025)0270 (Monaco), P10_TA(2025)0271 (San Marino), P10_TA(2025)0272 (Liechtenstein) and P10_TA(2025)0273 (Switzerland), authorising the conclusion of protocols to the agreements on the automatic exchange of financial account information (AEOI) under the Common Reporting Standard (CRS) with the following jurisdictions:
- Andorra (signed 12 February 2016)
- Monaco (signed 12 July 2016)
- San Marino (signed 7 December 2004)
- Liechtenstein (signed 7 December 2004), and
- Switzerland (signed 26 October 2004).
The AEoI under the CRS is a globally coordinated effort designed to combat tax evasion.
The CRS, developed by the OECD (Organisation for Economic Co-operation and Development), establishes a framework for jurisdictions to collect and automatically exchange information about financial accounts held by non-residents.
