It was reported on 27 June 2012 that Switzerland and Portugal have recently signed in Lisbon a protocol to amend the bilateral double taxation agreement (DTA) between the two countries in the area of taxes on income and capital.
According to the Swiss Federal Department of Finance (FDF), the protocol contains provisions on the exchange of information in accordance with the international standard currently applicable, as well as some adjustments to the existing agreement. The revised DTA will serve to contribute to the further positive development of bilateral economic relations, the FDF states.
The revision still has to be approved by parliament in both countries before it can enter into force.
