06/2019
Switzerland and the Netherlands sign Protocol of Amendment to the DTA
Philipp Roth
On 12 June 2019, Switzerland and the Netherlands signed a Protocol of Amendment to the Convention on the avoidance of double taxation in the area of taxes on income (DTA).
The Protocol of Amendment implements the minimum standards in matters of double taxation agreements, clarifies certain terms and adapts the DTA to the current treaty policy of the two states.
The record of amendments shall contain in particular
- an abuse clause;
- Clarification of the concept of a pension fund.
Before the Protocol of Amendment can enter into force, it must be approved by the parliaments of both countries.
The corresponding media release and the amendment protocol are available here.
First publication:
www.taxlawblog.ch
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