Federal Council adopts dispatch on the Federal Act on the Implementation of International Agreements in the Tax Field
On 4 November 2020, the Federal Council adopted the dispatch on the totally revised Federal Act of 1951 on the Implementation of Interstate Agreements of the Confederation for the Avoidance of Double Taxation (new: StADG).
The revision of the law redefines how mutual agreement procedures are to be carried out domestically and contains key points on the relief from withholding tax under international agreements as well as penal provisions in connection with the relief from withholding tax on investment income.
Parliament is expected to deal with this in the first half of 2021.
The communication and the message are available here.