On 18 April 2018 the Federal Council adopted the Dispatches on an amendment protocol to the double taxation agreement (DTA) with Ecuador and on a new DTA with Zambia.
The Protocol of Amendment to the current DTA with Ecuador in the field of taxes on income and wealth introduces a provision on the exchange of information on request in accordance with the internationally applicable standard.
The new DTA in the area of taxes on income with Zambia replaces the 1954 agreement between Switzerland and the United Kingdom, which was previously applicable to Switzerland and Zambia. The new DTA with Zambia takes account of the developments from the OECD project "Base Erosion and Profit Shifting" (BEPS) against profit shifting and profit reduction and provides in particular for an abuse clause, an arbitration clause and an administrative assistance clause.
The press release and all documents are available here.
