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All news QI FATCA CRS Deadlines & Reminders CARF IRS Reporting & E-Filing Swiss Regulatory Updates U.S. Regulations Certifications & Internal Controls PQS Updates Systems & Portals Compliance & Risk Management

16.09.2025 6'

Extension of International Automatic Exchange of Information in Tax Matters (CRS 2.0)

In 2022, the OECD published the updated Standard for Automatic Exchange of Financial Account Information in Tax Matters, also referred to as the Common Reporting Standard (CRS), including the amendment of the existing standard for the automatic exchange of financial account information (so-called CRS 2.0) and the introduction of the new Crypto-Asset Reporting Framework (CARF). This newsletter includes the most significant changes to the legislation planned to enter into force on January 1, 2026.

05.07.2024 9'

Switzerland Changes to Model 1 FATCA IGA

On June 27, 2024, the Swiss State Secretariat for International Finance (SIF) announced the signing of a new Intergovernmental Agreement (IGA) under the Foreign Account Tax Compliance Act (FATCA) between Switzerland and the USA. Scheduled to take effect on January 1, 2027, this new FATCA IGA is a reciprocal Model 1 IGA.

14.07.2022 3'

FATCA Group Request Reminder

Swiss financial institutions are advised to ensure the accuracy of their FATCA reporting from 2014 to 2021, prepare required information and documents promptly for submission to the SFTA, and test information exchange procedures ahead of potential group requests, as the USA can now make such requests under the Swiss-US FATCA IGA, with a strict ten-day deadline for compliance.

23.03.2021 2'

Revision of the Swiss AEOI Act and the Swiss AEOI Ordinance

We would like to remind Swiss FIs that on January 1, 2021 the new revisions of the Swiss AEOI Act and the Swiss AEOI Ordinance entered into force.

22.12.2020 5'

Upcoming revision of the Swiss AEOI legislation

Before a well-deserved Christmas break, we would like to inform all FIs on the upcoming revision of the Swiss AEOI legislation and their impact on the implementation of the AEOI requirements.

22.09.2020 2'

Important Update on Swiss FFIs

Important Update on Swiss FFIs subject to FATCA group request being required to resubmit the original, aggregated FATCA reporting if submitted on paper forms 8966.

19.05.2020 2'

FATCA group requests

The Swiss Federal Tax Authority (SFTA) notified Swiss financial institutions about FATCA group requests, with the first requests expected after September 2020; institutions must meet obligations by June 15, 2020.

31.07.2019 4'

U.S. Senate Approval of Amendment to the DTA - FATCA Group Requests

On July 17, 2019, the U.S. Senate approved the 2009 protocol to amend the double taxation agreement between Switzerland and the USA.

15.03.2019 2'

Updated CRS Guidance

The Swiss FTA published a new AEOI Guideline in January 2019, with significant changes including the treatment of professionally managed investment entities in countries without AEOI agreements, clarification of the term "financial assets," "non-financial group" conditions, guidance on currency conversion, and requirements for trustee-documented trusts.

16.06.2017 2'

Extension of the FFO Agreement and a Second Version of the Common Reporting Standard for the Automatic Exchange of Information on Financial Accounts

24.03.2017 1'

ESTV Suisse Tax Portal

23.01.2017 3'

The CRS Guidance and the New FFI Agreement

26.01.2016 2'

Deadline Extension for US Accounts Without Declaration of Consent

On January 20, 2015, the SBA published the circular no. 7878 (password required) on aggregated reporting of the non-consenting US accounts for the calendar year 2015.

25.11.2015 2'

Form R Accounts

The Swiss Bankers Association assessed the situation regarding Form R accounts of lawyers and solicitors/law firms and notary’s offices, which have been opened before July 1, 2014.

27.03.2015 1'

Non-Consenting U.S. Accounts

On March 24, 2015 the IRS announced that, with respect to calendar year 2014, Model 2 FFIs that have to report Non-Consenting U.S. Accounts will not be treated as being in significant non-compliance under their applicable Model 2 IGAs as long as they are making good faith efforts to comply with their reporting obligations and reporting is completed within 90 days after the applicable filing deadline, including any extensions already granted.

25.02.2015 1'

Individual Authorization

According to the Swiss Bankers Association, each Swiss Financial Institution that is currently acting as QI and/or QSL now requires an individual authorization under the Art. 271(1) of the Swiss Criminal Code from the Federal Department of Finance (EFD).

16.01.2015 1'

SIF: extension of deadline

The Swiss State Secretariat for International Financial Matters (SIF) was able to negotiate the extension of deadline for aggregated reporting of the non-consenting account holders till March 31, 2015 (deadline before: January 31, 2015).