Double Taxation Agreement Switzerland Denmark

Double taxation is related to the fact that two countries simultaneously apply taxes on the same company. This situation often occurs when companies have subsidiaries or branches in different countries. Switzerland has a corporate tax system in which a capital company and its shareholders or owners are taxed individually, resulting in economic double taxation. Switzerland has a network of social security agreements which currently have more than 30 lawyers. Switzerland also has a bilateral agreement with the European Union that covers all 27 EU countries and more or less adapts the rules already in force within the European Union. A similar agreement exists with the EFTA countries. Whether or not a social security contract is applicable often depends on the nationality of the individual. Where appropriate, affected workers may remain (for a limited period of time) in the social security scheme of the country of origin and are exempted from submitting to the scheme of the host country. The protocol also provides for the inclusion of inheritance in the agreement. Beneficiaries of an undisclosed Swiss bank account must either pay inheritance tax or consent to the disclosure to the UK authorities. This agreement largely follows the OECD Model Agreement and Swiss policy in this regard.

Switzerland and Denmark have cooperated for decades and their first double taxation convention dates back to 1974. In order to maintain this fruitful cooperation, the two countries have amended their double taxation agreements several times in recent years. The last protocol to the Swiss-Denmark double taxation agreement was added in 2010. The agreement includes income and capital gains taxes in Switzerland and Denmark, as well as other similar taxes. Our Swiss lawyers can provide you with detailed information on all taxes that are covered by the double taxation agreement with Denmark. Statistics from January to July 2010 show that imports from Switzerland (mainly pharmaceuticals, jewellery, electrical machinery) were €72 million compared to €91.2 million for the same period in 2009, while Maltese exports increased to €9.3 million (mainly machinery and pharmaceuticals), compared to €5.7 million in the first half of 2009. The agreement will enter into force after ratification by both countries. In general, these contracts have the effect, for non-residents of the Contracting States, of obtaining a total or partial refund of the tax withheld by the Swiss paying agency. BulgariaA tax agreements and international agreements Switzerland has also signed tax information exchange agreements with 10 countries for the purpose of exchanging tax information between Switzerland and the countries concerned. . . .

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