- The Federal Council has launched a consultation on an Amending Protocol to the Switzerland-EU Agreement on automatic exchange of financial account information, aligning it with the revised OECD standard.
- The Protocol introduces new provisions for mutual administrative assistance in recovering VAT claims, with limits on requests and expense coverage for jurisdictions.
- Swiss-based Qualified Non-Profit Entities are exempted from certain reporting requirements under the amended agreement.
- Existing provisions, such as withholding tax exemptions for related entities, remain unchanged.
- The consultation runs until 6 February 2026, with provisional application of technical changes from 1 January 2026; the new VAT recovery provisions are not included in this provisional application.
Source: news.admin.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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