Switzerland and U.S. amend their DTA

On 17 July 2019, the U.S. Senate approved the 2009 protocol amending the double taxation agreement (“DTA”) in the area of income tax between Switzerland and the U.S. (Link).

Under the new provision, group requests are also allowed for cases of tax evasion. Under the Foreign Account Tax Compliance Act (“FATCA”) Agreement, group requests are admissible for cases from 30 June 2014 onwards.

In addition, on 10 July 2019, the Swiss Government updated its Automatic Exchange of Information (“AEOI”) general information webpage on financial accounts (Link).

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