On 15 August 2018, the Swiss Federal Council adopted the dispatch on the double taxation agreement (DTA) with Saudi Arabia. In order to enter into force, it has to be approved by Parliament in Switzerland and the necessary approval procedure has to be carried out in Saudi Arabia, which all should happen in the next weeks, hopefully before the End of 2018.<\/p>\n
It is the first agreement between the two countries to avoid double taxation in the area of taxes on income and capital.<\/strong><\/p>\n The agreement contains advantageous regulations on the international taxation of company profits and income tax of individuals. It also implements several provisions from the OECD. Furthermore, the DTA contains an administrative assistance clause in accordance with the current international standard for the exchange of information upon request.<\/strong><\/p>\n Please don\u2019t hesitate to contact International HR Services Ltd for further questions to this subject.<\/p>\n On 15 August 2018, the Swiss Federal Council adopted the dispatch on the double taxation agreement (DTA) with Saudi Arabia. In order to enter into force, it has to be approved by Parliament in Switzerland and the necessary approval procedure has to be carried out in Saudi Arabia, which all should happen in the next […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,1],"tags":[72,515,516,511,513,512,514],"class_list":["post-1440","post","type-post","status-publish","format-standard","hentry","category-tax","category-uncategorized","tag-double-tax-agreement","tag-dta","tag-income-tax","tag-new-double-taxation-agreement-with-saudi-arabia","tag-saudi-arabia","tag-saudia-arabia-and-switzerland","tag-switzerland"],"yoast_head":"\n