Bern, 14.01.2019 – The tax information exchange agreement between Switzerland and Brazil came into force on 4 January 2019. The provisions of the agreement will apply from 1 January 2020.
The tax information exchange agreement (TIEA) governs the exchange of information upon request in tax matters. It is Switzerland’s tenth TIEA to come into force. The provisions of the agreement will be applicable to requests for information for tax years commencing on 1 January 2020 or subsequent tax years.
Both countries intend to strengthen tax cooperation with the conclusion of a double taxation agreement (DTA). The DTA has been signed and is currently being discussed by Parliament.