The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on 26 June 2024.
Previously, the Swiss Council of States (the upper house of parliament) announced that it ratified the pending protocol to the income and capital tax treaty with France on 30 May, 2024.
The agreement was first signed on 27 June, 2023, and the recent protocol is the fifth amendment to the treaty. It aims to prevent double taxation and tax evasion in income and property taxes.
It will become effective once the ratification instruments are exchanged. The treaty will be effective from 1 January of the year following its enactment.
