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Switzerland Adopts Multiple DTAs

by Ulrika Lomas, Tax-News.com, Brussels

23 November 2012


The Swiss Federal Department of Finance (FDF) has recently announced that the Federal Council has adopted five more double taxation agreements (DTAs) regarding taxes on income and on capital and submitted them to parliament for approval.

The FDF explains that the DTAs with Slovenia, Turkmenistan, the Czech Republic, Bulgaria and Peru contain provisions on administrative assistance in accordance with the internationally applicable standard.

According to the FDF, the agreements promote the development of bilateral economic relations and contribute to the prosperity of Switzerland and that of the partner state.

The Swiss cantons and the business associations concerned have welcomed the conclusion of the DTAs.

TAGS: Turkmenistan | tax | investment | double tax agreement (DTA) | Slovenia | Organisation for Economic Co-operation and Development (OECD) | Bulgaria | agreements | Czech Republic | Peru | Switzerland | individual income tax

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