Switzerland and Oman initial double taxation agreement

Bern, 03.11.2010 - Switzerland and Oman have concluded negotiations on a double taxation agreement (DTA), and initialled the agreement. Along with an administrative assistance clause regarding tax matters in accordance with the OECD standard, it contains various provisions that are beneficial to the Swiss economy.

Since the Federal Council decision of 13 March 2009 on extending administrative assistance in tax matters, Switzerland has concluded corresponding negotiations with 30 states. In the process, Switzerland has also been able to negotiate various benefits for the economy, such as reductions in withholding tax on dividends, interest and royalty payments, or the introduction of an arbitration clause. In addition, tax discrimination has been avoided or eliminated. This policy will be pursued, and further negotiations are envisaged with important countries.

The content of the agreement with Oman is confidential at first. The next step is for it to be disclosed to the cantons and business associations concerned in the form of a brief report so that they can submit their comments. The agreement will then be signed and subsequently presented to parliament for approval. The agreement can be ratified and enter into force once the partner state has also provided its approval.

The first ten DTAs with the administrative assistance clause in accordance with the OECD standard were approved by parliament in the recent summer session. The referendum deadline expired unused at the start of October. Further DTAs which have been signed in the meantime will be gradually submitted to parliament for approval.

Address for enquiries

Beat Furrer, Head of Communications, Federal Tax Administration, tel. 031 324 91 29

Publisher

Federal Department of Finance
https://www.efd.admin.ch/efd/en/home.html