The agreements between Switzerland and Brazil and between Switzerland and Saudi Arabia for the avoidance of double taxation have entered into force. The provisions of the two double taxation agreements (DTAs) will apply from 1 January 2022.
The agreement between the Swiss Confederation and the Federative Republic of Brazil for the avoidance of double taxation with respect to taxes on income entered into force on 16 March 2021.
The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021.
The new DTAs promote economic relations between Switzerland and its two contracting partner states. They also take account of the results of the G20/OECD project aimed at combating base erosion and profit shifting. The DTAs contain a corresponding anti-abuse clause.
Finally, the agreements contain an administrative assistance clause in accordance with the international standard for the exchange of information upon request.
Further details:
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 12.04.2021