Switzerland, Belgium To Begin Exchanging Tax Info
The Swiss Federal Council has announced that an information exchange amendment to the double tax agreement with Belgium has entered into force.
On August 7, the Council said the additional agreement to amend the DTA had entered into force on July 19. It contains an administrative assistance clause in accordance with the current international standard for the exchange of information upon request.
The additional agreement was signed in April 2014. Its provisions will be applicable from January 1, 2018. The original DTA dates from 1978.
The Federal Council said that the additional agreement also improves the taxation of dividends, interest, and royalty payments. It includes tax exemptions in the source state for pension funds, and provides improved arrangements for the taxation of interest on intercompany loans and of dividends paid to certain companies.
The Federal Council said the additional agreement will strengthen the good economic relations between Switzerland and Belgium.