Uk Double Taxation Agreement With Switzerland

3. The competent authorities of the contracting state strive to resolve by mutual agreement any difficulty or doubt about the interpretation or application of the convention. They can also work together to discuss measures to remedy the misapsed of the provisions of the convention. (a) Swiss tax, either directly or by deduction, on profits, income or profits from taxable sources in Switzerland (with the exception, in the case of a dividend, of the tax payable for the profits on which the dividend is paid) is accepted as a credit to any UK tax. which is calculated by referring to the same benefits. , taxable income or profits on which Swiss tax is calculated; (a) a deduction from the Swiss income tax on that person under the tax collected in the United Kingdom pursuant to Article 10, paragraphs 2 or 3; However, this deduction must not exceed the portion of Swiss tax calculated before the deduction attributable to dividends, or (a) under international law, it is not taxable in the recipient state for income from sources outside that state, and statistics from January to July 2010 show that imports from Switzerland amounted to 72 million euros (mainly : , jewellery, electrical machinery) by 91.2 million euros during the same period in 2009, while Malta`s exports increased to 9.3 million euros (mainly machinery and pharmaceuticals) compared to 5.7 million euros in the first half of 2009. The agreement will enter into force after ratification by both countries. 4. Subject to paragraph 6, persons residing in Switzerland are entitled to the same allowances, facilities and reductions for the purposes of taxation of the United Kingdom as British persons who are not established in the United Kingdom.

CH-UK Double Taxation: 0.672.936.711 – 0.672.936.73 (en, it) Article 2 contains a statement on the effect and content of the provisions in the Amendment Protocol («agreements»). The preamble to the agreement and the articles of the convention concern general definitions, related companies, dividends, interest, royalties, other income, the abolition of double taxation and the procedure of mutual agreement are amended. An article on entitlement to benefits is added to the agreement. 5. Enterprises of a contracting state whose capital is held, directly or indirectly, by one or more residents of the other contracting state or who are under the control of themselves may not be subject, in the first state, to a tax or related requirement, which is different or heavier from the taxation and related requirements to which other similar enterprises of that first state are or may be subject. 5. Interest exempted under this section is not considered to be a distribution of a corporation that pays such interest under provisions of the law of a contracting state that relate only to interest paid to non-residents, with or without any other requirement, or that relate only to interest payments between related companies. , with or without other requirements. In October 2010, an agreement was signed to begin negotiations for an agreement to tax unreported British accounts in Switzerland and other information regarding tax and banking information shared between the two states.

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