The Exchange of Information Agreement regarding tax matters (TIEA) between Jersey and Switzerland has been entered into force on 1st January 2017 by an Exchange of Notes (EoN). It was signed on 26th October 2016 by Switzerland and on 1st November 2016 by Jersey and generally applies from 1st January 2017. As amended by the 2010 protocol, this treaty is intended to confirm that Jersey and Switzerland will be able to commence the automatic exchange of financial account information in accordance with the OECD Automatic Exchange of Information Agreement (2014), based on the Council of Europe – OECD Convention on Mutual Administrative Assistance in Tax Matters (1988) (MAA). It gives the legal basis for the automatic exchange of information for tax matters based on the OECD/G20 Common Reporting Standard.
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