Federation proposes 74 states for crypto exchange

The Federal Council beats that Parliament 74 partner states for automatic information exchange via crypto values ​​from 2027. This includes everyone EU-Member States, Great Britain and most G20-States.

The USA, China and Saudi Arabia are to be excluded. With the United States, however, a corresponding bilateral agreement is to be concluded, such as the Federal Council continued on Friday.

An exchange with the for the Kryptomarkt According to the state government, relevant states should only take place if they are interested in the exchange of information with Switzerland. In addition, the states would have to meet the requirements of the detention frame for crypto values ​​of the Organization for Economic Cooperation and Development (OECD), it said.

Federal Council again checks partner states before data exchange for crypto values

The Federal Council Will before the actual exchange of Data Via crypto values, also check whether the partner states with which the automatic exchange of information (AIA) was activated continued to meet the requirements of the standard.

Therefore, the existing test mechanism for the AIA must also record crypto values ​​in the future. This requires changes to the federal decision that the state government passed in February.

In 2022, the OECD published the new registration frame for the AIA via crypto values. Since then, according to the state government, a total of 66 states, including Switzerland, have known politically to implement it. 49 countries, including Switzerland, also signed the corresponding multilateral agreement.

The approval of the international law basics and the corresponding national implementation for the AIA via crypto values ​​is the subject of a separate template that is currently Parliament is treated. The partner states are determined with the template.

Federal Council is planning AIA for crypto values ​​with global forum countries

The Federal Council suggests introducing the AIA via crypto values ​​with all partner states that meet the requirements of the Global Forum on Transparency and Exchange of Information for Tax Purposes – and will actually implement them.

With the newly proposed provisions, gaps in the tax transparency dispositive are to be closed and equal treatment with traditional assets and financial institutions is to be ensured. An implementation of the new reporting frame for the AIA via crypto values ​​expand the advanced cryptoma market regulation in Switzerland and contribute to the preservation of the credibility and reputation of the Swiss financial center, the Federal Council says.

Switzerland strengthens tax transparency with a new detector frame

With the package of measures, Switzerland fulfills its international obligation in the area of ​​tax transparency. In addition to the new registration frame, the message also affects the update of the common reporting and care standards for information about financial accounts (GMS) of the OECD.

Switzerland has known itself to implement this standard – and also take over future further developments. With the template, the negligent violation of the diligence, reporting and information obligation Strafe and the admission of new partner states for the AIA are simplified.

According to the Federal Council the template in the consultation was mostly received.