The Federal Council of Switzerland adopted the dispatch on a revised double taxation agreement (DTA) with Latvia on 28th June 2017 regarding taxes on income and capital. The dispatch was submitted to Parliament for approval.
Switzerland and Latvia signed a protocol of amendment to their DTA on 2nd November 2016. It contains several provisions from the OECD and G20 project to combat base erosion and profit shifting (BEPS project). Specifically, the protocol of amendment contains an abuse clause. This clause to prevent unwarranted claims of treaty benefits is consistent in its basic features with the abuse provisions agreed by Switzerland in most of its DTAs in recent years. Legal certainty will be increased for taxpayers with the inclusion of an arbitration clause. Furthermore, the DTA contains an administrative assistance clause in accordance with the current international standard for the exchange of information upon request. In particular, the agreement will introduce lower taxation of levies and distributed profits on qualified participations.
The amending protocol of the Income Tax Agreement between Morocco and Bahrain was approved on 25th of June 2017 by the Moroccan Council of Ministers. This treaty was signed on 22nd of April 2016.
The amending protocol of Double Taxation Agreement (DTA) between Indonesia and Netherlands will enter into force on 1 August 2017 and as of 1 October 2017, this protocol will apply.
A pending protocol to tax treaty between the Netherlands and Indonesia of 29 January 2002 has been signed on 30 July 2015, will enter into force on 1 August 2017. This Protocol was published on 10 August 2015. The protocol applies for amounts paid or credited on or after 1 October 2017.
The Council of Ministers of Bahrain approved the amending protocol of Double Taxation Agreement (DTA) with Philippines on 22 May 2017.
The Council of government of Morocco approved the amending protocol of Double Taxation Agreement (DTA) on 25th of May 2017 with Bahrain.
The President of Uzbekistan, Mr. Shavkat Mirziyoyev signed a Decree PP-2971 on 18th of May 2017 for ratifying the amending protocol of Double Taxation Agreement (DTA) with Kazakhstan.