Swiss Tax Agreement With Uk

3. Articles 15, 16 and 18 shall apply to remuneration and pensions for services performed in the course of an activity carried on by a Contracting State or a political subdivision or a territorial collectivity. 2. Profits derived from the disposal of movable objects forming part of the commercial assets of a permanent establishment owned by an enterprise of a Contracting State in the other Contracting State, or of movable assets relating to a fixed reason at the disposal of a resident resident in a Contracting State in the other Contracting State for the provision of personal services, the disposal of such a permanent establishment (alone or with the whole enterprise) or of such a fixed base may be taxed in that other State. 3. The competent authorities of the Contracting State shall endeavour to eliminate, by mutual agreement, any difficulty or doubt as to the interpretation or application of the Convention. HMRC has reached an agreement with the Swiss tax authorities. The agreement allows for close cooperation between the UK and Switzerland and there is an important exchange of information between the two countries. The agreement provides for a historic tax on Swiss funds held by UK residents, who hold up to 34% of the balance in an account from 31 December 2010 or 31 December 2012. UK residents with Swiss accounts can also be subject to a WHT of up to 48% on their accounts. With regard to inheritance tax, Swiss paying agencies are obliged to withhold 40% of taxes or to carry out publicity in the event of the death of a data subject, as well as other measures. Learn about tax rates, the latest tax messages and information on double taxation treaties with our specialized online resources, guides and useful links.

(a) a deduction from Swiss income tax of that person equal to the tax levied in the United Kingdom in accordance with Article 10(2) or (3); However, this deduction must not exceed the part of the Swiss tax calculated before the deduction due to dividends, nor (3) The agreement does not apply to federal withholding tax in Switzerland on lottery prizes. . . .