Rapporto esplicativo

Allegato V: Dichiarazione congiunta con la Norvegia sulla cooperazione in materia fiscale (Versione originale in lingua inglese)

The Swiss Federal Department of Finance

and

the Norwegian Ministry of Finance,

mindful of the good bilateral relations between the Swiss Confederation and the Kingdom of Norway,

willing to intensify cooperation in tax matters between the Swiss Confederation and the Kingdom of Norway,

have reached the following understandings:

1. Both jurisdictions intend to introduce on a reciprocal basis automatic exchange of financial account information in tax matters based on the OECD Common Reporting Standard and the Commentaries thereon between each other beginning in the year 2017 (first transmission of data in 2018).

This will be subject to:

(a) the Multilateral Convention on Mutual Administrative Assistance in Tax Matters of 25 January 1988, as amended by the Protocol of 27 May 2010, being in force in each jurisdiction;

(b) the signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information by each jurisdiction;

(c) the notification as provided for in Section 7 (Term of Agreement) of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information by each jurisdiction to the Co-ordinating Body Secretariat being made, which includes, among other requirements, the notification that the necessary laws are in place to implement the OECD Common Reporting Standard;

(d) the Swiss Confederation and the Kingdom of Norway notifying the Co-ordinating Body Secretariat that they intend to exchange information on an automatic basis between each other based on the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.

2. Each jurisdiction is satisfied with confidentiality rules and data safeguards provided for in the other jurisdiction.

3. Both jurisdictions agree to inform each other regularly on their implementation of the OECD Common Reporting Standard in their respective domestic laws.