• Switzerland - Romania
    Amending protocol enters into force

    13-07-2012

    The amending Protocol to the Romania - Switzerland Income Tax Treaty has entered into force on 6 July 2012.

    The provisions of the amending Protocol will take effect from 1 January 2013.

    As per the amending Protocol the following withholding taxes will be amended:

    • Dividends:
      • 0% if the recipient is a pension fund.
      • 0% if the beneficial owner is a company which holds directly at least 25% of the capital of the company paying the dividends.
      • 15% in all other cases.

    • Interest: 5% withholding tax on interest.
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