• Switzerland
    Application of OECD Standard on all Double Tax Agreements


    On 19 February 2014, the Swiss Federal Council instructed the Swiss Federal Department of Finance to prepare a draft for unilateral application of the OECD standard on the exchange of information upon request to all double taxation agreements (DTAs) that are not yet in line with the current international standard.

    Switzerland's entire DTA network could thus be swiftly adapted to the international standard. Since 2009, Switzerland has revised or entered into 45 DTAs or tax information exchange agreements in accordance with the international standard with other states; 36 of these are in force.

    The standard is now to be applied to the remaining DTAs by means of a unilateral extension. However, this will be conditional on reciprocity, i.e. the partner states must also be able to exchange tax information with Switzerland upon request. Moreover, data protection and the principle of speciality must be preserved.

    With this measure, the signing of the multilateral OECD/Council of Europe Convention on Mutual Administrative Assistance in Tax Matters on 15 October 2013 and the ongoing efforts to revise existing double taxation agreements, the Federal Council is underscoring its desire to swiftly implement the OECD standard regarding administrative assistance in tax matters.

    Source: Swiss Federal Council (http://www.admin.ch/br/index.html?lang=en) Back to News
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