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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
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Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.
