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Brazil-Switzerland DTA, Protocol Enters Into Force

April 15, 2021, 5:00 AM

The Swiss State Secretariat for International Finance April 12 announced that the DTA and protocol with Brazil, signed May 3, 2018, entered into force March 16, 2021. The provisions take effect: 1) Jan. 1, 2022, for withholding taxes, other taxes, and Article 26 on the exchange of information; and 2) March 16, 2021, for Article 25, on mutual agreement procedures (MAP). The agreement: 1) replaces the 1956 transportation tax agreement; 2) complies with the recommendations of the OECD base erosion and profit shifting (BEPS) project; and 3) incorporates provisions on anti-abuse and administrative assistance in accordance with the latest international...

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