Switzerland, Netherlands Amend Double Tax Pact
by Ulrika Lomas, Tax-News.com, Brussels
13 June 2019
Switzerland and the Netherlands have signed a protocol to their double tax agreement that will bring it into line with international standards.
The protocol was signed in The Hague on June 12.
The protocol contains an anti-abuse clause which refers to the main purpose of an arrangement or transaction. It also clarifies the concept of a pension scheme and creates a non-exclusive right for the source state to tax pensions.
The protocol must be approved by the parliaments of both countries before it can enter into force. The Swiss cantons and relevant business associations have welcomed the protocol.
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