Switzerland and Estonia amend their double tax treaty

A protocol to the DTA (Double Taxation Agreement) between Switzerland and Estonia has been signed. The aim is to cut withholding tax rates and provide for exchange of information on request: the exchange of information provision have been brought into line with international standards, and the protocol also contains an administrative assistance clause.

Swiss cantons and business organisations have approved the Tax Information Exchange Agreement (TIEA), which places a maximum withholding tax rate on dividends of 10%. There will be no withholding tax on dividends paid to national banks of each country or to pension funds, and interest and royalty payments will no longer be subject to withholding tax.

According to the Organisation for Economic Co-operation and Development, to complete the operation both countries’ parliaments must complete their domestic ratification procedures before the text can enter into force.

#exchangeofinformation #banksecrecy #switzerland #usa #transparency

Featured Posts
Recent Posts
Search By Tags
Non ci sono ancora tag.