Switzerland and Estonia have agreed to revise double taxation agreement (DTA) in the area of taxes on income and capital.
The new agreement will consist of provisions on the exchange of information in accordance with the international standard applicable at present.
Go deeper with GlobalData
Additionally, the new DTA will further develop bilateral economic relations between the countries also contains an administrative assistance clause.
Under the amended agreement, both the countries may levy withholding tax of no more than 15% on gross dividend amounts, while the dividends will be exempt from withholding tax if a company owns at least 10% in the capital of the distributing company.
According to the new rules, there will be no withholding tax on dividends paid to the national banks of each country or to pension funds as well as on interest and royalty payments.
The amended agreement, which is approved by the Swiss cantons and business organizations, takes effect only after the approval by parliament in both countries.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
