Switzerland And Austria Sign Revised DTA

by Ulrika Lomas, Tax-News.com, Brussels

10 September 2009

Switzerland and Austria have recently signed an agreement revising the existing double taxation agreement (DTA) between the two countries, it has been announced.

The revised agreement provides for administrative assistance in tax matters under Article 26 of the OECD Model Convention, and was negotiated in line with parameters laid out by the Federal Council.

Following the Federal Council decision on March 13, 2009, Austria is the fifth country with which Switzerland has signed a DTA containing the extended administrative assistance clause in accordance with Article 26 of the OECD Model Convention, after Denmark, Luxembourg, France and Norway.

Up to now, Switzerland has negotiated DTAs with an extended administrative assistance clause with fourteen countries.

According to the Swiss authorities, along with the agreements already signed with Denmark, Luxembourg, France, Norway and Austria, there are agreements with Mexico, the USA, Japan, the Netherlands, Poland, the UK, Finland, Qatar and Singapore.

These DTAs have been initialled but not yet signed. The Federal Council has given the go-ahead for DTAs to be signed with Mexico, and the United Kingdom. The other initialled DTAs will be submitted to the Federal Council shortly for approval to be signed.

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