Switzerland and Brazil signed a double taxation agreement (DTA) in the area of income taxes on 3 May 2018.
According to a press release from the Bilateral Tax Issues and Double Taxation Section, State Secretariat for International Financial Matters SIF, Switzerland and Brazil signed a double taxation agreement (DTA) in the area of taxes on income in Brasilia on 3 May 2018. According to the press release, this will create legal certainty conducive to the further development of economic relations and tax cooperation between the two countries.
Consideration of BEPS and administrative assistance clause: The DTA takes account of the results of the OECD project "Base Erosion and Profit Shifting" (BEPS). In particular, it provides for an abuse clause. The DTA also contains an administrative assistance clause in accordance with the current international standard on the exchange of information on request.
The translated agreement is available here.
The corresponding press release is available here.
