Automatic exchange of bank account information between Switzerland and Belgium from 2018 onwards

In 2017 the Swiss tax authorities will start to gather bank account information of non-residents, which will be automatically exchanged with the tax authorities of other EC countries as from 2018 onwards.

All details of the bank account such as the name, address and birth date of the account holder, but also the balance of the account and the income generated through the account (interests or dividends) will be communicated.

By the end of this year, Andorra, Liechtenstein, Monaco and San Marino will probably also sign an agreement for the automatic exchange of bank account information.

Panis will keep you informed about any further progress with respect to this matter.