The double taxation agreement (DTA) with respect to taxes on income between Switzerland and Zambia entered into forced on 7 June 2019. It replaces the DTA currently applicable between the two countries. Its provisions will apply from 1 January 2020.
Switzerland and Zambia signed the new DTA in Lusaka on 29 August 2017. The DTA entered into force at the end of the approval processes in both contracting countries. It replaces the agreement of 30 November 1954 between Switzerland and the United Kingdom of Great Britain and Northern Ireland, currently applicable in bilateral relations between Switzerland and Zambia.
The new DTA promotes economic exchanges between the two countries. In particular, it contains provisions on arbitration, which ensure the elimination of double taxation. Furthermore, it takes account of the results of the OECD's base erosion and profit shifting (BEPS) project which aims to combat the erosion of the tax base and profit shifting. In this respect, it contains an anti-abuse clause.
Finally, the DTA contains an administrative assistance clause in line with the international standard for the exchange of information upon request.
Address for enquiries:
Bilateral Tax Issues and Double Taxation Treaties Section, State Secretariat for International Finance SIF
Tel. +41 58 462 71 29, dba@sif.admin.ch
Last modification 30.07.2019