Blog

27
dec

Switzerland ratifies withholding tax agreements with the United Kingdom and Austria

The agreements will thus enter into force as planned on 1 January 2013

19.12.2012 Switzerland concluded the approval process for the withholding tax agreements with the United Kingdom and Austria.

The actual implementation of the tax agreements will be governed by the Federal Act on International Withholding Tax (IWTA), which contains provisions on organisation, procedure, judicial channels, criminal law provisions and domestic procedural rules for the upfront payment.

The Federal Act on International Withholding Tax, which governs the implementation of the withholding tax agreements, entered into force 20.12.2012.

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