On 27 May 2015, Switzerland and the European Union (EU) signed a bilateral agreement on the introduction of the automatic exchange of information on financial accounts (AEOI). Technically, this is a Protocol of Amendment (Legal Basis) to the Agreement between the Swiss Confederation and the European Community providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments. The AEOI will therefore enter into force with all EU Member States on 1 January 2017.
Information on practical aspects of the transition from the EU savings tax treaties to the AEOI is available on the following page Cancellation (in german).