The Federal Authorities of the Swiss Confederation
The Federal Authorities of the Swiss Confederation
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Dispatch on amending the double taxation agreement with Ireland
Bern, 23.05.2012 - Today, the Federal Council adopted the dispatch on approving the protocol to amend the double taxation agreement (DTA) between Switzerland and Ireland. The protocol contains provisions on the exchange of information in accordance with the international standard applicable at present. It will contribute to the further positive development of bilateral economic relations.
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.
Address for enquiries:
Urs Duttweiler, State Secretariat for International Financial Matters,+41 31 322 72 52, urs.duttweiler@sif.admin.ch
Publisher:
- The Federal Council
- Internet: http://www.admin.ch/br/index.html?lang=en
- Federal Department of Finance
- Internet: http://www.efd.admin.ch
