Slovakia and Switzerland revise double-tax conditions

Swiss Ambassador Christian Fotsch signed a memorandum in Bratislava today with finance minister Ivan Miklos, which will amend the Double Taxation Agreement (DTA) between the two countries.

The countries will improve their information exchange, thereby approximating the OECD standard more closely, and it is also expected to boost bilateral economic relations.

The countries also ratified an exemption to withholding tax for dividends from affiliated (associated) companies (at least 10%), and dividends to pension fund, as well as the countries’ central banks.

The respective bodies and parliaments of Slovakia and Switzerland now have to push the agreement through their standard procedures before it can be fully ratified.

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