Federal Council opens consultation on the Federal Act on the Implementation of International Tax Treaties

The total revision of the Federal Act on the Implementation of Interstate Agreements of the Confederation for the Avoidance of Double Taxation is intended to ensure that the agreements in the tax field can continue to be applied in a legally secure and simple manner in the future.

The revision of the law specifies how mutual agreement procedures are to be carried out nationally. The procedure largely follows current practice and will only apply if the agreement does not contain any provisions to the contrary. In addition, the revision contains the main points regarding the relief from withholding tax under international agreements as well as penal provisions in connection with the relief from withholding tax on investment income.

The press release and further documents are available here.