The amendment of 27 August 2009 at the Convention Franco-Swiss, including a clause that inserts information exchange according to the latest standards OECD has just been published. It entered into force November 4, 2010.
Indeed, the president of the Confederation of Switzerland Hans-Rudolf Merz and Christine Lagarde, French Minister of Economy signed on August 27 in Bern the addendum to the agreement against double taxation ( DTA) with respect to Taxes on Income and on Capital.
The new amendment also contains a provision on the exchange of information from the OECD standard that has been negotiated in accordance with reference values decided by the Federal Council.
This endorsement replaces the January 12, 2009.
addition to extending administrative assistance, negotiations with France have other adaptations.
Among other issues, the rule amendment in particular the tax treatment of capital benefits from the second pillar provided to beneficiaries residing in France and the authority to invoke the double taxation agreement for institutions foresight allows them to obtain a reduction of withholding tax on dividends and interest.
With the introduction of a clause in the fight against abuse, the amendment signed now offers solutions that are more favorable to the Swiss economy. Finally, the Commission revised now contains an arbitration clause.
The new amendment also contains a provision on the exchange of information from the OECD standard that has been negotiated in accordance with reference values decided by the Federal Council.
This endorsement replaces the January 12, 2009.
addition to extending administrative assistance, negotiations with France have other adaptations.
Among other issues, the rule amendment in particular the tax treatment of capital benefits from the second pillar provided to beneficiaries residing in France and the authority to invoke the double taxation agreement for institutions foresight allows them to obtain a reduction of withholding tax on dividends and interest.
With the introduction of a clause in the fight against abuse, the amendment signed now offers solutions that are more favorable to the Swiss economy. Finally, the Commission revised now contains an arbitration clause.
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