Switzerland and Canada to amend existing DTA
Switzerland and Canada have recently concluded negotiations that regarded extending administrative assistance in tax-related issues in accordance with the Organization for Economic Cooperation and Development’s (OECD) standard and on other points. The countries have initialed a Protocol of Amendment on the existing double taxation agreement (DTA) between Switzerland and Canada.
The initialed text will first remain confidential. However, the Swiss cantons and business associations will be notified of the content in a brief report and will be allowed to submit their comments.
The complete text of the double taxation agreement will be published after being signed.