Switzerland: Consultation on revised FATCA agreement with United States

A consultation regarding the ratification of the new FATCA Model 1 Intergovernmental Agreement.

Share
March 17, 2025

The Federal Tax Administration (FTA) of Switzerland on March 7, 2025, announced that it will initiate a consultation regarding the ratification of the new FATCA Model 1 Intergovernmental Agreement (IGA) and its implementation into domestic law (federal law and regulation).

The consultation seeks feedback on the agreement between Switzerland and the United States, the draft federal law, and the draft ordinance. The consultation will run until June 14, 2025.

The FATCA Model 1 IGA was signed by Switzerland and the United States on June 27, 2024, following the negotiations to transition from the existing Model 2 IGA to Model 1 IGA. Read TaxNewsFlash

This transition is expected to take effect on January 1, 2027.

Read a March 2025 report prepared by the KPMG member firm in Switzerland

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline