If he is a national of either state or one, the matter is resolved by the competent authorities of the contracting states. The text of the agreement with Switzerland is taxpolicy.ird.govt.nz/tax-treaties/switzerland The protocol has become necessary to appease the European Commission, which had considered that the agreement could be contrary to the European Treaty. By threatening to refer the matter to the European Court of Justice, the United Kingdom and Switzerland have agreed that account holders who have already paid the 35% withholding tax due under the European Savings Tax will be subject to a final withholding tax of 13% in order to reduce the tax debt on interest payments. Switzerland determines the freedom in force and governs the procedure provided by the Swiss provisions relating to the application of international conventions of the Swiss Confederation to avoid double taxation. Statistics from January to July 2010 show that imports from Switzerland amounted to 72 million euros (mainly pharmaceuticals, 91.2 million euros in the same period in 2009, while Malta`s exports increased to 9.3 million euros (mainly machinery and pharmaceuticals) compared to 5.7 million euros in the first half of 2009. The agreement will enter into force after ratification by both countries. “The new agreement contains provisions to reduce multinational tax evasion by incorporating base erosion measures for base reduction and profit shifting. Switzerland currently has a network of social security agreements with more than 30 countries. Switzerland has also concluded a bilateral agreement with the European Union that covers all 27 EU countries and more or less adapts the rules in force in the European Union. There is a similar agreement with the EFTA countries.
Whether or not a social security contract is applicable is often related to the nationality of the individual. If necessary, affected workers can normally remain (for a limited time) in the social security system of the country of origin and are exempt from the host country`s scheme. “Double tax treaties are good for businesses because they reduce barriers to trade and cross-border investment, eliminate double taxation and reduce withholding tax,” Nash says. If, in a future double taxation agreement with another Member State of the Organisation for Economic Co-operation and Development, New Zealand were to limit its taxation at the source of dividends, interest or royalties at a lower rate than in one of these articles, the New Zealand Government will immediately inform the Federal Council and enter into negotiations with the Federal Council for the same treatment; When New Zealand introduces an article on non-discrimination into an agreement to avoid double taxation concluded after the signing of the agreement between New Zealand and a third state, the New Zealand government immediately informs the Federal Council and enters into negotiations with the Federal Council to include such an article in the agreement reached today. However, these dividends may also be taxed in the contracting state where the payment of dividends is a resident corporation and according to the law of that state, but if the beneficiary is the actual beneficiary of the dividends, the tax thus collected cannot exceed 15% of the gross amount of the dividends. The competent authorities of the contracting states, by mutual agreement, provide for how this restriction is applied. Some of the countries that have double taxation agreements with Switzerland: In order to conclude an agreement to avoid double taxation on income taxes, you register the agreement between Switzerland and New Zealand to avoid double taxation on income and capital taxes (PDF, 156 kB, 08.08.2019) Switzerland has double taxation agreements with more than 80 other countries, more than 30 of which are based on the OECD model.