Switzerland: Signed FTA with Bosnia-Herzegovina, Costa Rica, Panama
According to reports, the government of Switzerland and of the governments of Bosnia-Herzegovina, Costa Rica, and Panama signed free trade agreements earlier in 2013 and it has been published on September 27 of 2013. The
See MoreNew Income and Capital Tax Treaty between Hungary and Switzerland
The Income and Capital Tax Treaty between Hungary and Switzerland was signed on 12 September 2013. After entering into force and becoming effective the new treaty will replace the existing Hungary – Switzerland Income and Capital Tax Treaty of
See MoreSwitzerland: Tax resolution for Second-Tier Banks
Switzerland has approved the terms of a proposed settlement with the United States announced on 28 August 2013 regarding the exposure of tax information of US citizens with funds in Switzerland. This agreement would allow Swiss banks not currently
See MoreSwitzerland agrees plans for settling US Tax conflict
The Federal Council of Switzerland has agreed to plans for reconciling the Confederation’s tax conflict with the US. The Council of the Federal Finance Department has established a mutual statement designed to draw a line under past dispute over
See MoreSwitzerland: Changes in the Tax Administrative Assistance Act
The Federal Council of Switzerland introduces consultation proceedings on the partial modification of the Tax Administrative Assistance Act on 14 August 2013. As a result of the consultation procedure some changes provides for: Postponed
See MoreUnited States and Swiss agree on FATCA signification
The United States and Swiss governments have signed a memorandum of understanding on interpretations of their agreement on implementing the Foreign Account Tax Compliance Act, or FATCA on 7 June 2013 in Washington. The memorandum summarizes the
See MoreSwitzerland: Pay first tranche of tax on unrevealed assets
Switzerland has paid the UK tax authorities £258m in unpaid taxes on hidden assets representing the first tranche specified under the UK and Switzerland tax agreement. Converted into Swiss francs, almost CHF900m (USD969m) was transferred in tax and
See MoreSwiss Federal Tax Administration publishes instructions on tax agreements with Austria and UK
The Swiss Federal Tax Administration published on 16 July 2013, the latest version of the instructions on the agreements on cooperation in the area of taxation with other states and the federal international withholding tax act. The Agreements with
See MoreChina and Switzerland Free Trade Agreement signed
A bilateral free trade agreement was signed on 6 July 2013 between China and Switzerland in Beijing. It is expected to enter into effect in 2014. It contains provisions on the protection of intellectual property rights. In order to combat
See MoreSwitzerland: Retain flat tax for foreigners
Switzerland’s Federal Council accepted a resolution rejecting the Swiss people’s initiative calling for an end to the flat tax regime currently benefiting wealthy foreigners in the Confederation on 1 July 2013. Switzerland’s flat tax regime is
See MoreSwitzerland: Plans to raise VAT for Pension Fund
Switzerland has declared plans for increase two percent value-added tax (VAT) rate, which will be started on a transitional basis beginning in 2020. On June 21, 2013 the Swiss Government announced the tentative proposals include an increase in the
See MoreNew Swiss tax assistance law in effect
The Swiss Federal Council has announced that the new Tax Administrative Assistance Act (TAAA) will come into force on 1 February 2013. When the TAAA comes into effect the existing ordinance covering double taxation agreements will be repealed. The
See MoreSwitzerland’s Federal Council adopted five double tax agreements
On November 21, 2012, Switzerland's Federal Council adopted five double tax agreements, with Slovenia, Turkmenistan, the Czech Republic, Bulgaria and Peru, and forwarded them to parliament for its
See MoreSwitzerland: Protocol With Portugal Forwards To Parliament For Approval
The Swiss government endorsed a Protocol to the nation's double taxation agreement (DTA) with Portugal on November 7, 2012, and forwarded the agreement to the nation's parliament for its
See MoreBulgaria approves draft DTA initialled with Switzerland
On July 25, 2012, the government of Bulgaria approved the draft double taxation agreement (DTA) initialled between Bulgaria and Switzerland on November 28,
See MoreSwitzerland and Portugal Sign DTA Protocol
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
See MoreRevised DTA between Germany and Switzerland entered into force
The revised double taxation agreement (DTA) between Switzerland and Germany has now entered into force following a recent exchange of the instruments of ratification. The revision of the existing DTA between the two countries was signed on October
See MoreDTA with Taiwan has been recognized by Switzerland
Switzerland’s Federal Council has recently recognized the double taxation agreement (DTA) of October 8, 2007 with Chinese Taipei (Taiwan). The federal act on the recognition of private agreements for the avoidance of double taxation of June 17,
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