Automatic Exchange of Information

Automatic Exchange of Information is the systemic and periodic collection and transmission bulk taxpayer information by the source country to the country of residence of the taxpayer. India is set to receive the third set of Swiss bank account details of its nationals under the automatic exchange of information agreement. For this first time, this also includes the information about real estates owned by Indian nationals.
The AEOI regime between India and Switzerland commenced on September 1, 2019. Under this regime, Indian government can receive data on all financial accounts held by Indian residents in Switzerland.


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