At the end of November 2016, Chile and Switzerland signed a joint declaration on the introduction of the automatic exchange of information (AEOI) in tax matters on a reciprocal basis. Both countries intend to start collecting data in accordance with the global AEOI standard in 2018 and to exchange it from 2019 onwards.
The signing of the joint declaration by Switzerland’s ambassador in Chile, Edgar Dörig, and Rodrigo Valdés, Chile’s Finance Minister, confirms Switzerland’s international commitment to implementing the AEOI standard. Switzerland is thus strengthening its network of AEOI partner states. Chile meets in particular the high demands in terms of adherence to the principle of speciality and the safeguarding of confidentiality for the data delivered, which are prerequisites for the introduction of the AEOI.
Emiliano Cordoba, Francesco Giliberti, and Martin Litwak are available to assist you with any questions related to this matter.