However, the Federal Tax Administration (FTA) cannot provide any information on the total amount of assets involved.
New on the list of countries with which Switzerland cooperates within the framework of the automatic exchange of information (AEOI) are Kazakhstan, the Maldives and Oman, as the FTA announced on Monday.
There was no exchange with Russia. As a result of the attack on Ukraine in February 2022, the exchange was suspended in September 2022.
Switzerland exchanged information with 78 countries. It obtained information from 25 others but did not provide any, according to the FTA. Either the requirements in terms of confidentiality and data security were not met by these countries, or they voluntarily did not want to accept any information.
There are currently around 9,000 reporting financial institutions registered with the FTA. For example, banks, trusts and insurance companies collected data and transmitted it to Bern.Switzerland sent information on around 3.6 million financial accounts abroad and received information on 2.9 million accounts from partner countries.
The legal basis for implementing the AEOI came into force in Switzerland on January 1, 2017. Thanks to the exchange of information, tax authorities in the cantons can check whether taxpayers have correctly declared their financial accounts abroad.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Culture
Wealth is not all: how gentrification in Zurich has led to housing shortage
Iran summons Swiss ambassador over US and Italy arrests
This content was published on
Iran has summoned the Swiss ambassador, who represents US interests, to protest against the arrest in the US and Italy of two Iranians.
Swisscom receives greenlight for acquisition of Vodafone Italia
This content was published on
The takeover of Vodafone Italia by Swisscom is nearing completion. All relevant authorities have now approved the €8 billion (CHF7.45 billion) deal.
Novo Nordisk stock market plunge drags down Swiss device maker Ypsomed
This content was published on
The Danish pharmaceutical giant, Novo Nordisk, faced setbacks on Friday that weighed on the share price of Swiss injection device manufacturer Ypsomed.
Swiss press react to EU deal with mix of euphoria and scepticism
This content was published on
Swiss media reaction to the agreement between Switzerland and the EU varies widely. Some are celebrating, while others worry about what is to come.
Swiss Solidarity donations to tackle child abuse top CHF4 million
This content was published on
Swiss Solidarity, the humanitarian arm of the Swiss Broadcasting Corporation (SBC), has raised over CHF4 million ($4.3 million) to tackle child abuse.
Despite declining wealth, the Swiss remain the richest people
This content was published on
The world population lost more wealth last year than at any time since the financial crisis. Nevertheless, the Swiss remain the richest people in the world.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.