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The double taxation agreement (DTA) between Switzerland and Liechtenstein will enter into force on December 22, 2016, and will be effective from January 1, 2017.
The DTA was signed on July 10, 2015, to replace the existing agreement dating back to 1995.
Under the new DTA, the withholding tax rate on interest payments will be set at zero. The rate for dividends will be set at a maximum of 15 percent. There will be exemptions for pension funds and beneficial owners with significant holdings in the company paying the dividends.
The wages and pensions of cross-border workers will be taxed in the state of residence. Individuals who do not return to their place of residence for more than 45 working days in a year for professional reasons will not be classified as cross-border commuters.
The DTA also contains provisions for the automatic exchange of information upon request.
To date, Switzerland has signed 54 DTAs and 10 tax information exchange agreements (TIEAs). Of these, 49 DTAs and seven TIEAs are in force.
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