Uk Swiss Double Taxation Agreement

The UK has mutual agreements with a number of countries on the EU Directive on the taxation of savings income in the form of interest. The United Kingdom has also concluded a number of non-reciprocal agreements on the European Savings Tax Directive. 2. The Agreement also applies to all identical or essentially similar taxes levied by a contracting state or a political sub-division or territorial entity, after the date of signing the agreement, in addition to or in place of existing taxes. The competent authorities of the contracting states inform each other of the substantial changes made to their respective tax laws. concerned with entering into an agreement to avoid double taxation on income taxes; The Federal Council`s decision is implemented within the framework of bilateral double taxation agreements. Greater information exchange will only have a practical effect if the renegotiated agreements come into force. In addition, adjustments must be made to the agreement with the EU on the taxation of savings. The convention was provided for in the order of double taxation (Switzerland) of 1978 (S.I. 1978/1408) and had previously been adopted by the 1982 decrees in the schedules to the Double Relief Taxation (Switzerland) (S.I.

1982/714), 1994 (S.I. 1994/3215) and 2007 (S.I. 2007/3465), as well as the international enforcement decision on double taxation and tax enforcement (Switzerland) 2010 (S.I. 2010/2689). The agreement was also supplemented by the agreement attached to the 2012 Regulation (S.I. 2012/3079) on double taxation relief and the enforcement of international tax (Switzerland). The change protocol will come into effect through the decision. Some of the countries that have double taxation agreements with Switzerland are listed: Article 2 contains a declaration on the effect and content of the provisions in the amendment protocol (“arrangements”). The preamble to the agreement and the articles of the convention concern general definitions, related companies, dividends, interest, royalties, other income, the abolition of double taxation and the procedure of mutual agreement are amended. An article on entitlement to benefits is added to the agreement.

(7) Where the agreement provides that the contracting state from which the income originates may benefit from a tax exemption for any type of income, this provision should not be construed as such that such income must be paid at a full rate without deducting the source. Where tax revenues have been deducted at the source of these incomes, the tax authorities of the state in which tax breaks are to be paid guarantee an appropriate refund of the tax if the economic beneficiary of the income, to their satisfaction and within the prescribed time frame in that state, is entitled to the tax reduction, to their satisfaction. (b) arrangements have been made to allow the exemption from double taxation with regard to capital gains tax, corporation tax, income tax and similar taxes imposed by Swiss law; and (4) Subject to paragraph 5, the agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Income Taxes, signed in London on 30 September 1954, in view of the protocol signed in London on 14 June 1966 and the additional protocol signed in London on 2 August 1974 (the so-called “1954 agreement”), the effective date of this Convention ends with the entry into force of that Convention and, therefore, the effect on the tosatosia to which this agreement applies in accordance with paragraph 2.