Switzerland has signed more than 80 double taxation agreements with countries around the world. Therefore, it is important to consult double taxation agreements before investing in any type of business in Switzerland or opening a business in Switzerland. Protocol amending Regulation (EC) No. 2002/2002 of the Council, 2 The agreement amending the Council of Amps between the United States of America and the Swiss Confederation to avoid double taxation, taking into account income taxes, signed in Washington on 23 September 2009, was signed in Washington on 23 September 2009, corrected by an exchange of warrants issued on November 23, 2010 and by a corresponding agreement, amended by an exchange of debt notes on September 23, 2009 , 2009 PDF – 2009 En In October 2010, an agreement was signed to begin negotiations for an agreement that will tax the unreported accounts of Britons in Switzerland and display more information on the tax and banking information shared between the two states. The agreement will strengthen, among other things, cross-border tax cooperation and improve banks` access to the market. Negotiations began in early 2011 and the agreement was signed on 6 October 2011. On March 20, 2012, a protocol was signed to clarify outstanding issues. Switzerland currently has a network of social security agreements with more than 30 countries. Switzerland has also concluded a bilateral agreement with the European Union that covers all 27 EU countries and more or less adapts the rules in force in the European Union. There is a similar agreement with the EFTA countries. Whether or not a social security contract is applicable is often related to the nationality of the individual. If necessary, affected workers can normally remain (for a limited time) in the social security system of the country of origin and are exempt from the host country`s scheme.
Statistics from January to July 2010 show that imports from Switzerland amounted to 72 million euros (mainly pharmaceuticals, 91.2 million euros in the same period in 2009, while Malta`s exports increased to 9.3 million euros (mainly machinery and pharmaceuticals) compared to 5.7 million euros in the first half of 2009. The agreement will enter into force after ratification by both countries. The other provisions are as follows: dividends paid to individual pension funds – in Switzerland, Pillar 3a – are exempt from withholding tax from 1 January 2020. A mandatory arbitration clause ensures that double taxation is avoided even if the competent authorities fail to reach an agreement in the mutual agreement procedure. Withholding tax – maximum withholding tax rates are subject to anti-abuse rules for certain types of capital income in U.S. tax treaties and in agreements with other countries. Bern, 20.09.2019 – On 20 September 2019, Switzerland and the United States of America exchanged instruments for ratifying the protocol for amending their double taxation agreement on income tax (DBA) in Bern. The protocol, which came into force on the same day, marks an important step in the fiscal relations between Switzerland and the United States.
The protocol [PDF 1.05 MB] amending the swiss-US income tax agreement was signed in September 2009. The protocol provides that in addition to this impressive list, there are contracts between Switzerland and those present in the reflection: Costa Rica, Oman and Zimbabwe. The Federal Council`s decision is implemented within the framework of bilateral double taxation agreements.