argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: taxation - double taxation - Switzerland - USA

A new protocol - entered into force on 20 September 2019 - after the initial one of 23 September 2009 is intended to intervene on the agreement regarding double taxation, dating back to 1996, going to modify the agreement between Switzerland and the United States of America for avoid double taxation, a milestone in tax relations between the two countries. In essence, the distinction between tax deduction and tax fraud is eliminated, both in the case of individual and grouped applications. Requests for information can be submitted from 20 September 2019 - entry into force of the protocol - but only from 2020 will a first experimental phase be passed to move to the full management of the new procedures. The approach complies with the international standard for the automatic exchange of information on demand, which Switzerland applies with over one hundred States and territories, but which so far did not apply with the United States. It will involve an automatic extension both in requesting and in processing data and, therefore, in responding more consistently to requests received without delay.