The Swiss National Council (Nationalrat) approved the ratification of income tax treaties with Angola, Jordan, and amending protocols with Germany, and Hungary on 5 March 2025.
The tax treaty with Angola was signed on 30 November 2023. The treaty with Jordan was signed on 13 December 2023. These treaties will come into effect once the ratification instruments are exchanged and will apply starting from 1 January of the year following their entry into force.
The amending protocol to the tax treaty with Germany was signed on 21 August 2023, and the protocol to the tax treaty with Hungary was signed on 12 July 2024. Among other updates, the protocols comply with BEPS standards and introduce additional provisions to clarify how national minimum taxation rules apply under the Pillar Two GloBE Rules.
