New Delhi: India has received a third set of details of Swiss bank accounts of its citizens and institutions from Switzerland. India has received this information from Swiss Bank under Automatic Exchange of Information Pact (automatic exchange of information pact). It contains a detailed report on the bank accounts of those who have deposited money in Switzerland. This information has been shared by swiss bank. Two other such reports have already been shared.
According to media reports, such reports are shared by the Swiss bank on an annual basis under the contract between the two countries. This year, swiss bank has shared information on 33 lakh bank accounts of 96 countries. A statement issued by the Federal Tax Administration (FTA) said that this year the Swiss bank has also informed citizens of 10 new countries. These 10 countries include Antigua, Barbuda, Azerbaijan, Dominica, Ghana, Lebanan, Macao, Pakistan, Qatar, Samao and Vanuatu. At the same time, there are 70 out of 96 countries with whom mutual information has been shared.
According to reports, 26 countries have shared this information with Switzerland, but switzerland in turn has not shared any information with them on its behalf. Switzerland has reportedly refused to share information to 14 countries due to data security. State that the Federal Tax Administration (FTA) does not share the name or other information of any account holder. The fourth such statement is said to be shared by the Swiss Administration in September 2022. FTA first obtained such information from swiss bank in September 2019. That year, the Swiss bank shared such information from 75 countries.
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