Tax Advice

Provisional list of states for the exchange of information on financial accounts

As of Sep­tem­ber 30, 2023, in­for­ma­tion on fi­nan­cial ac­counts in tax mat­ters will be au­to­ma­ti­cally ex­chan­ged bet­ween the Fe­deral Cen­tral Tax Of­fice and the com­pe­tent aut­ho­ri­ties of the par­ti­ci­pa­ting sta­tes. For this pur­pose, the Fe­deral Mi­nis­try of Fi­nance has publis­hed an up­dated preli­mi­nary list of sta­tes.

The Fe­deral Mi­nis­try of Fi­nance let­ter da­ted Fe­bru­ary 23, 2023 lists the sta­tes with which the au­to­ma­tic ex­change of in­for­ma­tion is ex­pec­ted to take place as of Sep­tem­ber 30, 2023. Com­pa­red to the pre­vious year's list, Mol­dova, Thai­land and Ukraine, among others, have been ad­ded. Howe­ver, data trans­mis­sion to the Rus­sian Fe­dera­tion is cur­rently sus­pen­ded.

Note: In Ger­many, the re­por­ting fi­nan­cial in­sti­tu­ti­ons will elec­tro­ni­cally trans­mit the fi­nan­cial ac­count data to the Fe­deral Cen­tral Tax Of­fice by July 31, 2023, which will then be ex­chan­ged with the tax aut­ho­ri­ties of the par­ti­ci­pa­ting sta­tes in ac­cor­dance with the fi­nal 2023 state ex­change list, which is ex­pec­ted to be an­noun­ced by the Fe­deral Mi­nis­try of Fi­nan­ceat the end of June 2023.

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