The Swiss Council of States ratified the first amending protocol to the 2012 tax treaty with Hungary on 10 June 2025, following earlier approval by the National Council.
The Swiss Council of States approved the ratification of the protocol to the 2012 income and capital tax treaty with Hungary on 10 June 2025.
The protocol, signed on 12 July 2024, represents the first modification to the existing treaty.
Earlier, on 5 March 2025, the Swiss National Council (Nationalrat) approved the ratification of income tax treaties with Hungary.
The protocol will become effective 30 days after the ratification documents are exchanged and is expected to take effect from 1 January of the year after it comes into force.