At its meeting on 24 September 2018, the Council of States adopted a new double taxation agreement (DTA) with Zambia
In accordance with the business of the Federal Council (18,039), a new DTA between Switzerland and Zambia will be submitted to the two parliamentary councils for approval. The new DTA between the Swiss Confederation and the Republic of Zambia to avoid double taxation in the area of taxes on income and to prevent tax evasion and avoidance 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 (cf. our contribution of 22 April 2018).
At its meeting on 24 September 2018, the Council of States (as the first Council meeting to deal with the matter) approved the DTA and the federal decision on the approval of a new DTA between Switzerland and Zambia by 42 votes with 1 abstention.
The embassy and other documents are available here.
