THE ITALIAN TAX AGENCY REQUIRES ADMINISTRATIVE ASSISTANCE TO SWITZERLAND FOR UBS CUSTOMERS 2015 AND 2016

The AE fowarded a request of amministrative assistence to the Swiss authorities in order to obtain the names of the clients who result to be the owners of one or more bank accounts in UBS Switzerland AG, during the period from 2015 to 2016.  Principally, the question regards the account holders at that time resident in Italy and even though they recieved a remider of forced colosure of their accounts, they did not provide the waiver of “Taxation of saving incomes EU – Authorization to the volontary disclousure”, or a similar document stating on the fiscal conformity of the account.

Interested people have to provide to the Federal Amministration of the contributions, until the next August 27th, the actual address of residence in Switzerland, or if they are resident abroad, the information of a rappresentative in Switzerland, entitled to receive notifications.

UBS is working to put an end to the fiscal litigation with Italian Authority, depositing 111.5 million of euros in the funds of authority, and achieving, as soon as possible, an accordance about the criminal procedure in Milano. The negotiation could bring dalays in case the account holders of UBS will oppose to the disclosure of their data, estabilishing legal to protect them in a judicial and amministrative way.

Our staff remains available for additional information.