The Multilateral Agreement on the Implementation of Agreement-Related Measures to Prevent the Reduction and Transfer of Profits ("BEPS Agreement") has been in force since 1 December 2019. The Convention allows existing double taxation treaties to be adapted to the recommendations of the BEPS project.
Switzerland had signed the BEPS Convention on 7 June 2017 (see our contribution of 7 June 2017) and the majority of the consultations (see our contribution of 6 January 2018) were positive, following which the Federal Council adopted the corresponding message (see our contribution of 25 August 2018).
The BEPS agreement is intended to adapt the double taxation agreements with Argentina, Chile, Iceland, Italy, Lithuania, Luxembourg, Mexico, Austria, Portugal, South Africa, the Czech Republic and Turkey by means of understanding agreements. Further DTA revisions have already been completed or are in progress.
The technical information and further documents are available here.
