A number of double tax treaties proposal on tax information exchange has been adopted by the Swiss Federal Council.
The Double tax agreements are with Australia, Hungary, and China, currently valid agreements, and containing administrative assistance provisions in accordance with the internationally applicable standard. The reassessed agreement with Australia was signed on July 30, 2013, the agreement with Hungary on September 12, 2013 and the DTA with China on September 25, 2013. The agreements provide for deduction in withholding tax, and sometimes even tax relief, in the case of dividends, interest and royalty payments in the source state.
