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, Zambia Sign DTA

Switzerland, Zambia Sign DTA

by Ulrika Lomas, Tax-News.com, Brussels

30 August 2017


Switzerland and Zambia have signed a new double taxation agreement which sets maximum withholding tax rates for dividends and interest.

The agreement was signed in Lusaka on August 29, 2017. It replaces a 1954 agreement between Switzerland and the UK, which had been applicable to Zambia.

Under the new DTA, the maximum withholding tax rate for dividends taxed at source will be set at 15 percent. A reduced rate of five percent will apply in certain cases.

The general withholding tax rate for interest is capped at 10 percent, with a reduced five percent rate for interest on tax payments.

The agreement also contains an anti-abuse clause, in accordance with the recommendations made in the OECD's BEPS project.

It likewise contains an administrative assistance clause which is in line with the current international standard for the exchange of information upon request.

TAGS: tax | double tax agreement (DTA) | interest | agreements | tax rates | withholding tax | Switzerland | Zambia | dividends | BEPS

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 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 »