DFrom Foster Swiss, tax and financial consultants with more than 15 years of experience specialized in all types of international business projects, we advise you on current legal regulations and throughout the process of regularization of your assets or capital abroad, under evaluation prior to your strictly confidential case.
We can process your case before the Spanish tax authorities to find a solution always within the absolute legality. A possible solution available to our clients is the regularization of assets or capital abroad that have not yet been declared and are pending a possible requirement from the Tax Agency (AEAT). Our services include: planning the best action before the regulatory body, with prior study of your strictly confidential case, negotiation and mediation with the Treasury until obtaining an agreement and legal defense service. Consult your case with us at Foster Swiss.
Ehe multilateral agreement for the IAI is the result of the project launched by Germany, Spain, France, Italy and United Kingdom, following the model of agreement FATCA with the United States. Based on this G-5 project, the OECD has a model agreement on this common and standardized information exchange system.
Through this agreement, 101 countries have committed to this exchange information, which in a first stage will be implemented by some 55 countries by 2017 and the rest, 46 countries, as of 2018. It will affect natural and legal persons resident for tax purposes in a country that has capital or investments in another country where it is not a tax resident.
ESpecial attention is deserved by bank accounts in Switzerland, since, for the moment, although the agreement they have signed will begin to provide information as of 2018, banks will provide information as of 2018, but with retroactive effect as of January 2017. Therefore, as of December 31, 2016, existing bank accounts in Switzerland will be reported to the respective Tax Authorities of the beneficiary's country.