Home Content Area
Aside from an OECD administrative assistance clause, Switzerland and Ireland have agreed that both countries may levy withholding tax of no more than 15% on gross dividend amounts. If, however, a company holds a stake of at least 10% in the capital of the distributing company, the dividends will be exempt from withholding tax. Moreover, there will be no withholding taxes on dividends paid to the national banks of the two countries or to pension funds. The cantons and the business associations concerned have welcomed the conclusion of the Protocol of Amendment.
The DTA with Ireland has to be approved by parliament in both countries before it can enter into force.