With regard to the FTA
The only right that a person obliged to provide information can assert with regard to the FTA is the right to information, under which they may request the rectification of incorrect data due to transmission errors.
If the transmission of data results in disadvantages that the person obliged to provide information cannot reasonably be expected to accept due to insufficient constitutional guarantees, such persons shall be granted the rights set out in article 25a of the Administrative Procedure Act.
Persons obliged to provide information are not entitled to exercise the right of access to files with regard to the FTA. Consequently, they have no right to prevent the disclosure of personal data to the FTA. In addition, the person obliged to provide information cannot verify the legality of the disclosure of information abroad or demand the prevention of unlawful disclosure or the destruction of data which has been processed without sufficient legal grounds.
Validity in Switzerland and impact on other regulations
The AEOI came into effect on 1 January 2017. It replaces the international withholding tax agreements between Switzerland and Austria and Switzerland and the United Kingdom respectively, as well as the EU agreement on the taxation of savings income.