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EU to Negotiate Amendments to Financial Account Information Exchange Agreements with Andorra, Liechtenstein, Monaco, San Marino, and Switzerland

31 May 2024

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Treaty Development

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European Union-Andorra-Liechtenstein-Monaco-San Marino-Switzerland

On 27 May 2024, Council Decision (EU) 2024/1489 of 21 May 2024 was published in the Official Journal of the EU. The Decision authorizes the opening of negotiations for the amendment of the Agreements concerning the automatic exchange of financial account information to improve international tax compliance between the European Union and Andorra, Liechtenstein, Monaco, San Marino, and Switzerland. The amendments concern the exchange of information on crypto-assets under the Common Reporting Standard (CRS).