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REPORT (COM(2025)0376 – C100199/2025 – 2025/0199(NLE))

On the proposal for a Council decision on the conclusion, on behalf of the Union, of the Amending Protocol to the Agreement between the European Union and the Swiss Confederation on the automatic exchange of financial account information to improve international tax compliance

A-10-2025-0202

Committee on Economic and Monetary Affairs · Rapporteur: Kinga Kollár

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✦ In short · AI summary of this text, generated 4 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament approves the conclusion of the Amending Protocol to the EU-Switzerland agreement on automatic exchange of financial account information, which updates the agreement to align with international standards and EU rules. The protocol extends the scope to electronic money and central bank digital currencies, adds mutual assistance in recovering VAT claims, and updates data protection references to the GDPR.

Committee position. The rapporteur proposes that Parliament approves the proposal without amendments, using a simplified procedure.

Key points

  1. Approves the conclusion of the Amending Protocol to the Agreement between the EU and Switzerland on automatic exchange of financial account information.
  2. The protocol aligns the automatic exchange with the updated Common Reporting Standard (CRS) and EU rules (DAC8), extending scope to electronic money products and central bank digital currencies.
  3. It ensures mutual assistance in the recovery of VAT claims, aligning with the EU-Norway Agreement and the EU Recovery Directive.
  4. It updates data protection references, replacing Directive 95/46/EC with the GDPR (Regulation (EU) 2016/679).
  5. The changes will apply from 1 January 2026, with corresponding DAC8 provisions applying in the EU from that date.
  6. Urges Member States and Switzerland to explore extending mutual assistance to other direct and indirect tax claims within four years after the protocol's entry into force.

Who is affected

  • The EU and Switzerland, particularly their tax authorities, will apply updated rules on automatic exchange of financial information.
  • Financial institutions in the EU and Switzerland must report information on electronic money and central bank digital currencies.

Figures and deadlines

  • 1 January 2026: date from which the modified CRS and DAC8 provisions apply.
  • Four-year period following the first day of January after signature of the Amending Protocol for exploring extension of mutual assistance.

Legal basis: Article 113, Article 115, Article 218(6), second subparagraph, point (b), and Article 218(8), second subparagraph, of the Treaty on the Functioning of the European Union