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Tax Agreement For Swiss-French Airport

by Ulrika Lomas, Tax-News.com, Brussels

08 November 2016

Switzerland and France have initialled an agreement on the tax system applying to EuroAirport Basel Mulhouse.

Under the deal, Swiss value-added tax (VAT) will be levied in the Swiss area of EAP. France and Switzerland will split the receipts from corporation tax paid by EAP, with all stakeholders taking a share.

Companies in the Swiss area will pay French income tax and Swiss capital tax. However, they will not be liable for the main local ancillary taxes levied in France, to which the Swiss tax is considered equivalent. Finally, the French Directorate General for Civil Aviation will be compensated for services provided in the Swiss area of EAP.

The Swiss Federal Council said: "This agreement enables the establishment of a long-term legal regime for tax, ensuring that the airport and its businesses remain attractive and promoting their development, in line with Switzerland's objective. In particular, the overall tax burden on businesses in the Swiss area under the new regime will remain similar to what it is currently."

The agreement was initialled by the Swiss State Secretary, Yves Rossier, and Christian Masset, the French General Secretary of the Ministry of Foreign Affairs, in Paris on November 2.





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