The Swiss Federal Department of Finance (FDF) has announced on 23 November 2012 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 each partner state.
