India, Switzerland sign Joint Declaration for implementing AEOI

  • India and Switzerland have signed a Joint Declaration for implementation of Automatic Exchange of Information (AEOI) in respect of accounts of Indians held abroad.
  • Under the pact, both countries will start collecting data in accordance with the global standards in 2018 and exchange it from 2019 onwards.
  • The pact is based on the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA) also known as Common Reporting Standards (CRS) on AEOI.

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