Amendments to the double taxation agreement with the Netherlands have entered into force
Berne, 10.11.2011 - The revised double taxation agreement (DTA) with the Netherlands signed on 26 February 2010 entered into force on 9 November 2011. It contains provisions on the exchange of information in accordance with the international standard applicable at present. The DTA will contribute to the further positive development of bilateral economic relations.
Compared with the current DTA, improvements have been achieved in the area of withholding taxes: the percentage holding for withholding tax exemption for dividends has been reduced from 25% at present to 10%. Dividend payments to pension funds will also be exempt from tax in the source state in future. Furthermore, a zero rate has also been agreed for interest. In addition, the new DTA contains an arbitration clause.
Switzerland and the Netherlands informed one another via diplomatic channels that the national approval procedures had been concluded.
The provisions of the agreement will apply from 1 January 2012. From this date administrative assistance requests can also be made in accordance with the currently applicable OECD standard relating to offences occurring on or after 1 March 2010. The agreement replaces the currently applicable agreement dating from 1951 and 1966.
Address for enquiries
Alexandra Storckmeijer Sansonetti, State Secretariat for International Financial Matters (SIF), tel. +41 31 322 85 74, alexandra.storckmeijer@estv.admin.ch
Links
Publisher
Federal Department of Finance
https://www.efd.admin.ch/efd/en/home.html
State Secretariat for International Financial Matters
http://www.sif.admin.ch