Indonesia and Switzerland to Share Tax Information
Indonesia and Switzerland have signed an Automatic Exchange of Information (AEOI) agreement in which both countries will be required to share non-resident financial account data with tax authorities.
“EXCHANGE OF FINANCIAL DATA IS SCHEDULED TO START IN 2019.”
Both parties will share financial account information automatically as per OECD’s Common Reporting Standard (CRS), which will be effective from 2018. Exchange of financial data is scheduled to start in 2019.
News Source: finews asia