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Federal Council Adopts Protocol for Taxation Agreement

During its meeting on 1 May 2024, the Federal Council adopted the dispatch on the protocol of amendment, signed with Serbia, to the double taxation agreement (DTA) between Switzerland and Serbia and Montenegro. The protocol implements the Base Erosion and Profit Shifting (BEPS) minimum standards for double taxation agreements.

2024-05-01 12:45:21
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Quelle: Swiss Federal Council

During a meeting on May 1, 2024, the Federal Council adopted a dispatch on the protocol of amendment to the double taxation agreement with Serbia. The protocol implements BEPS standards for double taxation agreements and includes an abuse clause to prevent misuse.

It also contains an administrative assistance clause for exchanging information upon request. The DTA was originally with Serbia and Montenegro, but now only applies to Serbia since the dissolution of the federation.

The protocol still needs to be approved by both countries' legislatures before coming into effect. The cantons and business sectors have supported the conclusion of the protocol.

For more information, contact the State Secretariat for International Finance..

(Quelle:Swiss Federal Council modified with ChatGPT)

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Federal Council Adopts Protocol Taxation Agreement