9.07.2021. Swiss banks-disclosing information about clients

Company News

The United States has extended its requests for Swiss banks to disclose full details of client accounts held by US citizens.
Switzerland’s Federal Tax Administration published a list of 40 banks, fiduciary firms and insurance companies.
It is the fourth update of so called group administrative requests by the Internal Revenue Service (IRS) under the so-called Foreign Account Tax Compliance Act (FATCA).
The American clients concerned now have 20 days to submit their opinion on the intended transmission of their data to the IRS, before the Swiss authorities will issue a final decree.