Switzerland, Singapore Initial Revised DTA

by Ulrika Lomas, Tax-News.com, Brussels

03 September 2009

Switzerland and Singapore initialled a revised double taxation agreement on August 31. The revised agreement provides for administrative assistance in tax matters under Article 26 of the OECD Model Convention. The double tax agreement was negotiated in line with the parameters laid out by the Swiss Federal Council.

Following the Swiss Federal Council’s March 2009 decision to adopt the internationally-agreed standard on tax information exchange, Singapore is the fourteenth country with which Switzerland has initialled a double tax agreement containing the extended administrative assistance clause under Article 26 of the OECD Model Convention.

Switzerland has negotiated agreements containing the extended administrative assistance clause with Denmark, Luxembourg, Norway, France, Mexico, the USA, Japan, the Netherlands, Poland, the United Kingdom, Austria, Finland and Qatar.

The initialling is the first step towards a new or a revised DTA.

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