Italy, Switzerland Agree To Tax Information Group Requests
Monday, March 20, 2017
Italy and Switzerland have agreed to allow group requests for information relevant in tax matters.
The move follows the entry into force in July 2016 of a Protocol to their double tax agreement, which provided for tax information exchange in line with the OECD's new standard on the automatic exchange of tax information exchange, the Common Reporting Standard.
The change means that both competent authorities can request information from the other on the basis of a pattern of behavior, without the need to specify the name and details of any one taxpayer.