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Federal Council adopts dispatch on amendment of DTA with Hungary

The Federal Council

Bern, 20.11.2024 - During its meeting on 20 November 2024, the Federal Council adopted the dispatch on the protocol of amendment to the double taxation agreement (DTA) with Hungary. The protocol implements the OECD's minimum standards from the base erosion and profit shifting (BEPS) project with regard to double taxation agreements.

Specifically, the protocol of amendment contains an anti-abuse clause. This is intended to prevent those who are domiciled in neither Switzerland nor Hungary from claiming the benefits provided for in the DTA. The protocol of amendment also aims to improve the dispute resolution mechanisms. However, it does not provide for any changes to the tax allocation rules.

The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment. It still has to be approved by parliament in both countries before it can come into force.

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Communications
State Secretariat for International Finance SIF
Tel. +41 58 462 46 16, [email protected]

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The Federal Council
https://www.admin.ch/gov/en/start.html

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