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Swiss Federal Council Consults on New FATCA Agreement with U.S.

10 March 2025

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Treaty Development

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Switzerland-United States

The Swiss Federal Council has announced a consultation on a new FATCA Agreement with the United States. --- Federal Council initiates consultation on changing the FATCA model Bern, 07.03.2025 - During its meeting on 7 March 2025, the Federal Council opened the consultation on a new FATCA Agreement. In the future, Switzerland should no longer provide information on financial accounts to the United States on a unilateral basis, but instead also receive information from the United States as part of an automatic exchange of information. The consultation lasts until 14 June 2025. The Foreign Account Tax Compliance Act (FATCA) is...