# Council Decision (EU) 2015/2400Show full title

Council Decision (EU) 2015/2400 of 8 December 2015 on the conclusion, on behalf of the European Union, of the Amending Protocol            to the Agreement between the European Community and the Swiss Confederation providing for measures equivalent to those laid            down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments         

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U.K.

# Council Decision (EU) 2015/2400                     

# of 8 December 2015

# on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community                        and the Swiss Confederation providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation                        of savings income in the form of interest payments                     

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 115, in conjunction with Article                           218(6)(b) and the second subparagraph of Article 218(8) thereof,                        

Having regard to the proposal from the European Commission,

Having regard to the opinion of the European Parliament,

Whereas:

(1)In accordance with Council Decision (EU) 2015/860(1), the Amending Protocol to the Agreement between the European Community and the Swiss Confederation providing for measures                              equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments                              was signed on 27 May 2015, subject to its conclusion at a later date.

(2)The text of the Amending Protocol, which is the result of the negotiations, duly reflects the negotiating directive issued                              by the Council, as it aligns the Agreement with the latest developments at international level concerning automatic exchange                              of information, namely the Global Standard for automatic exchange of financial account information in tax matters developed                              by the Organisation for Economic Cooperation and Development (OECD). The Union, its Member States and the Swiss Confederation                              have actively participated in the work of the OECD. The text of the Agreement, as amended by the Amending Protocol, is the                              legal basis for implementing the Global Standard in the relations between the Union and the Swiss Confederation.

(3)The Amending Protocol should be approved on behalf of the Union,

HAS ADOPTED THIS DECISION:

# Article 1U.K.

The Amending Protocol to the Agreement between the European Community and the Swiss Confederation providing for measures equivalent                     to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments is hereby                     approved on behalf of the Union.                  

The text of the Amending Protocol is attached to this Decision.

# Article 2U.K.

1.The President of the Council shall, on behalf of the Union, give the notification provided for in Article 2(1) of the Amending                        Protocol(2).                  

2.The Commission shall inform the Swiss Confederation and the Member States of the notifications given in accordance with point                        (d) of Article 1(1) of the Agreement between the European Union and the Swiss Confederation on the automatic exchange of financial                        account information to improve international tax compliance as resulting from the Amending Protocol.                  

# Article 3U.K.

This Decision shall enter into force on the twentieth day following that of its publication in the *Official Journal of the European Union*.                  

Done at Brussels, 8 December 2015.

*For the Council*                            

*The President*                            

P. Gramegna                            

1

Council Decision (EU) 2015/860 of 26 May 2015 on the signing, on behalf of the European Union, of the Amending Protocol to                              the Agreement between the European Community and the Swiss Confederation providing for measures equivalent to those laid down                              in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments (OJ L 136, 3.6.2015, p. 5).                           

2

The date of entry into force of the Amending Protocol will be published in the *Official Journal of the European Union* by the General Secretariat of the Council.