The agreement enables automatic financial account information exchange between EU Member States and Switzerland under the OECD’s Common Reporting Standard (CRS).
The European Commission has proposed a Council Decision on 10 July 2025 to amend the agreement between the EU and Switzerland on the automatic exchange of financial account information.
The update aims to include Crypto-Assets in the exchange of information, aligning with the latest Common Reporting Standard (CRS) and DAC8, which are based on the OECD’s Crypto-Asset Reporting Framework (CARF).
The same standard is implemented within the European Union under Council Directive 2014/107/EU (DAC 2 – the first amendment to Directive 2011/16/EU on administrative cooperation in the field of taxation – DAC).
