India has recently signed bank information sharing deal with which country for the implementation of Automatic Exchange of Information (AEOI)?

India has recently signed bank information sharing deal with which country for the implementation of Automatic Exchange of Information (AEOI)?
[A]Malaysia
[B]Switzerland
[C]Mauritius
[D]Singapore

Switzerland
India has recently signed bank information sharing deal with Switzerland for the implementation of Automatic Exchange of Information (AEOI) between the two countries. With this joint declaration, India will automatically receive all financial information about its residents, including bank accounts and balances, dividends and interest income and sales proceeds used to calculate capital gains tax, from September 2019. The AEOI seeks to bring the era of banking secrecy to an end; eventually all financial information will be shared between governments. Switzerland is a signatory to the AEOI agreement under the aegis of the Organisation for Economic Co-operation and Development.

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This question "India has recently signed bank information sharing deal with which country for the implementation of Automatic Exchange of Information (AEOI)?" was published on GKToday on November 25, 2016 at 9:51 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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