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Switzerland Ireland Revised Double Tax TreatyFebruary 2012 Switzerland and Ireland signed on January 26, 2012 a new protocol amending the existing 1966 tax treaty and the 1980 protocol between the two countries. The new protocol which includes exchange of information provisions in line with the OECD model also includes reduced tax withholding rates for certain dividend income. The new treaty has to be approved by both parliaments. Switzerland Spain Revised DTAAugust 2011 Switzerland and Spain signed on July 27 a protocol amending the existing double tax treaty between the two countries in area of taxes on income and capital. The revised DTA includes a comprehensive arbitration clause and provisions on exchange of tax information in line with international applicable standards. Source: www.efd.admin.ch Switzerland's 2011 V.A.T RatesFebruary 2011 Starting January 1, 2011 the standard Swiss V.A.T. rate is 8% compared to the previous 7.6% rate. The new reduced V.A.T. rate is 2.5%, compared to the previous 2.4%. The new super reduced V.A.T. rate is 3.8% ,compared to the previous 3.6% rate. Switzerland New Social Security RatesNovember 2010 Starting January 1, 2011 there are some new/increased social security rates. A new solidarity tax of 0.5% will be imposed on employment income between CHF 126,000 to CHF 315,000. The contribution to military service and maternity leave will rise from the current 0.15% to 0.25%. In addition the contribution to unemployment insurance will rise from 1% to 1.1% for income of up to CHF 126,000. The new rates apply to employers and employees. Switzerland Japan Revised DTAMay 2010 Switzerland and Japan signed on May 21, 2010 a new protocol amending the existing DTA, double tax treaty, between the two countries. The new protocol includes provisions on exchange of tax information in accordance with the OECD model and reduction/exemption in certain withholding taxes compared to the previous DTA. e.g. payment of dividend to a company holding at least 10% of the voting rights (previously 25% holding) will be subject to 5% withholding, compared to the previous 10% withholding rate. More info: www.efd.admin.ch. Switzerland Poland New Protocol to DTAMay 2010 Switzerland and Poland signed on 20/4/2010 a protocol amending the existing double taxation agreement, DTA, between the two countries. The protocol includes, inter alia, amending of the withholding tax rates for payments of interest, dividend and royaltis and provision for exchange of tax information in line with the OECD model. In addition the definition of the 183 days residence test was amended.The new test applies to 183 days stay starting or ending in any fiscal year, compared to the previous test of staying 183 days during a calendar year. Switzerland U.K. Revised Double Taxation TreatySeptember 2009 Switzerland and the U.K. signed on September 7, 2009 a new protocol amending the existing double taxation treaty, DTA, between the two countries in the area of taxes on income. The amended DTA contains an extended administrative assistance clause in accordance with Art. 26 of the OECD model. The DTA including the extended adminstrative clause is the sixth DTA signed by Switzerland, following agreements with Denmark, Luxembourg, France, Norway and Austria. Source: Swiss Federal Department of Finance, FDF www.efd.admin.ch Switzerland Double Taxation Prevention Treaties | Banks in Zurich | hotels in Zurich | Switzerland Tax News 2012 | Switzerland Business Opportunities and B2B Marketplace | Switzerland CPA's, Accountants, Accounting Firms |
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