CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Switzerland Adopts Four DTAs

Switzerland Adopts Four DTAs

by Ulrika Lomas,, Brussels

29 November 2011

Switzerland’s Federal Council has adopted the dispatches on four further double taxation agreements (DTAs), which will now be submitted to parliament for approval.

According to the Swiss federal administration, the DTAs with Russia, Spain, Hong Kong, and the United Arab Emirates contain provisions on administrative assistance in accordance with the internationally applicable standard. They also promote the development of bilateral economic relations.

Commenting on the adoption, the administration states that: “The negotiated economic benefits of the DTAs include reductions in withholding tax, or even tax exemption for dividends, interest and royalty payments in the source state, as well as arbitration clauses within the scope of mutual agreement procedures”.

It adds: “The agreements thereby facilitate the activities of the export economy, promote bilateral investments and contribute to the prosperity of Switzerland and that of the partner state. In addition, they prevent tax discrimination”.

The administration ends by noting that the Swiss cantons and business associations concerned have welcomed the conclusion of the DTAs.

TAGS: Russia | United Arab Emirates | tax | investment | business | offshore confidentiality | double tax agreement (DTA) | interest | offshore | agreements | withholding tax | Hong Kong | Spain | Switzerland | dividends

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »