Signing of ‘Joint Declaration’ by India and Switzerland for the implementation of Automatic Exchange of Information (AEOI) between the two countries

India and Switzerland for the implementation of Automatic Exchange of Information (AEOI) between the two countries has signed the ‘Joint Declaration’. As a result, it will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years, on an automatic basis.