Full-text search

Home Main Navigation

End Main Navigation

Home Content Area

Home Navigator

  • Home
    • > Switzerland and Uni...

End Navigator

Print version Print | share: Icon Facebook Icon Twitter Icon Google+ Icon LinkedIn 

Switzerland and United States sign Memorandum of Understanding on FATCA agreement

Bern, 07.06.2013 - Today in Washington, Switzerland and the United States signed a Memorandum of Understanding on interpretations regarding the FATCA agreement of 14 February 2013.

Within the scope of the negotiations on the FATCA agreement signed on 14 February 2013, both sides agreed to set out individual interpretations of a technical or administrative nature in a Memorandum of Understanding (MoU). This Memorandum of Understanding was signed today in Washington by Manuel Sager, Ambassador of Switzerland to the United States, and Mark Mazur, Assistant Secretary for Tax Policy.

The MoU summarises the obligations of Swiss financial institutions, states the relationship with the qualified intermediary system, and confirms the simplified self-declaration for exempt Swiss beneficial owners under the FATCA agreement. Finally, it is stated that Swiss financial institutions can generally apply definitions from the implementing provisions of the US Department of the Treasury if these simplify matters relative to the definitions in the FATCA agreement.

Address for enquiries:

Mario Tuor, Communications, State Secretariat for International Financial Matters SIF
+41 31 322 46 16, mario.tuor@sif.admin.ch


Federal Department of Finance
Internet: http://www.efd.admin.ch
Full-text search