The Swiss State Secretariat for International Finance has revised its list of jurisdictions participating in the automatic exchange of financial account information (AEOI) under the OECD’s Common Reporting Standard (CRS) on 21 January 2025.
AEOI, or Automatic Exchange of Information, is the exchange of financial and tax-related data between international tax authorities to combat global tax evasion and enhance transparency. It covers details on financial accounts, tax rulings, cross-border arrangements, and more.
The Common Reporting Standard (CRS) is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014.
A key update involves postponing Uganda’s inclusion as a reciprocal partner from 1 January 2025, to January 2026.
In a reciprocal arrangement, both countries exchange CRS data, while in non-reciprocal arrangements, data is only shared when specific conditions are met.
