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Canada-Switzerland Treaty Adopts OECD's Information Exchange Standard - by Brian Mustard 

Global Tax Adviser

 

August 14, 2012

 

Brian Mustard
Montreal, International Corporate Tax

 

Canada and Switzerland have signed an Agreement that modifies the Interpretative Protocol of the Canada-Switzerland treaty to ensure that the interpretation of Article 25 follows the standard of the Organisation for Economic Cooperation and Development (OECD). The Agreement was recently concluded by an exchange of letters between the two countries. The Canada-Switzerland treaty was initially signed in 1997 and amended in 2010.

Canada and Switzerland still need to notify each other on completing the internal measures necessary for the Agreement to enter into force. The Agreement will enter into force on the date of the later of these notifications and its provisions will have effect from December 16, 2011.

 

For more information, contact your KPMG adviser.

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