Protocol of Amendment to the Double Taxation Agreement between Switzerland and the USA in force as of 20.09.2019

Almost 10 years after the Protocol of Amendment to the Double Taxation Agreement between Switzerland and the USA was signed by representatives of both countries, it entered into force on 20 September 2019.

The focus is in particular on changes concerning the exchange of information between the two countries. The revision removes the distinction between tax evasion and tax fraud. Requests for information concerning such matters may relate to facts as from 23 September 2009, the date of signature of the Protocol of Amendment.

The Protocol of Amendment also contains a mandatory arbitration clause and exempts dividends paid to individual pension funds from withholding tax from 1 January 2020.

Do you have any questions on how the changes will affect you in concrete terms? We will be happy to help you.