Switzerland Redrafts Double Tax Treaty Law
by Ulrika Lomas, Tax-News.com, Brussels
23 December 2019
The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.
Through the legislation, the Council intends to totally revise the 1951 Federal Act on the Implementation of Federal Conventions on the Avoidance of Double Taxation. The aim is to ensure that tax agreements, and in particular double tax agreements, can continue to be applied easily and with legal certainty in the future.
In particular, the new law is intended to respond to the OECD's minimum standards in the areas of preventing treaty abuse and improving dispute resolution processes. The law sets out how Switzerland will respond to double tax disputes via the Mutual Agreement Procedure.
A consultation, on the Federal Act on the Implementation of International Tax Agreements, will close on March 27, 2020.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com 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 »
