SWITZERLAND REJECTED THE LEGAL ASSISTANCE FOR FISCAL VIOLATIONS, BUT THE INFORMATION EXCHANGE WITH ITALY REMAIN OPERATIVE

Although Switzerland in the last days suspended the instruction regard the extension of legal assistence for the fiscal violations, the Confederation will adopt all necessary measures to OCSE standards adaptation, in order to guarantee the trasparency of information of Italian owner of taxpayer operative bank account in Switzerland.

The failure of the reform will not cause serious consequences, because the Italian Tax Authority can already use several legal instruments (the voluntary collaboration, automatic exchange of financial information and the proof trasmission following request by the authority in the case of fiscal fraud, etc.), in order to obtain the information needed to persecute the citizen not compliant with their obligations.

The Italian taxpayer have to undertake any adjustment operations as soon as possible in order to avoid penalities.

Our staff is available for any clarification.