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  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/31/2012

Switzerland - Exchange of tax information agreement with Canada 

July 31:   An agreement concerning the exchange of tax information provisions of the Switzerland-Canada income tax treaty has been signed by representatives of Switzerland and Canada.

The agreement modifies the Interpretative Protocol of the Switzerland-Canada income tax treaty, so that Article 25 of the treaty is consistent with the Organisation for Economic Cooperation and Development (OECD) standard for the exchange of tax information.


The Swiss and Canadian governments will notify each other on completion of their respective actions necessary for the agreement to enter into force.




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KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


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For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

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