Switzerland has signed declarations to exchange tax information automatically with Brasil, Mexico and Uruguay and Mexico in coming years, but the deals must still go before Swiss parliament for approval.
Under the declarations, banking information would be collected from 2018 and exchanged by 2019, the State Secretariat for International Financial Matters (SIF) said. Brasil, Mexico and Uruguay all meet the requirements for guaranteeing confidentiality of data transmitted, according to SIF.
Only two months ago, Switzerland ratified an agreement to fall in line with international co-operation on tax matters. That came under a deal approved by parliament at the end of last year.
