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Swiss Tax Info Exchange With Ireland, Turkmenistan In Force

by Ulrika Lomas, Tax-News.com, Brussels

30 December 2013


It has been announced that the protocol amending the double taxation agreement (DTA) between Switzerland and Ireland, and the new Swiss agreement with Turkmenistan have entered into force, and will both apply from January 1, 2014.

The two bilateral DTAs contain an administrative assistance clause in accordance with the OECD's international standard for the exchange of tax information, and, it is hoped, will contribute to the further positive development of economic relations between Switzerland and the two countries concerned.

The protocol to the DTA between Switzerland and Ireland entered into force on November 14. 2013, and will be applicable from January 1, 2014, while the new DTA between Switzerland and Turkmenistan entered into force on December 11, 2013 and will also be applicable from January 1, 2014.

It was disclosed that, to date, Switzerland has signed 42 DTAs in line with the international exchange of information standard, and 36 of these are in force.

TAGS: Turkmenistan | tax | tax information exchange agreement (TIEA) | double tax agreement (DTA) | Ireland | agreements | Switzerland

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