Switzerland-Argentina DTA To Enter Into Force

The new double tax agreement (DTA) between Switzerland and Argentina will enter into force on November 27, 2015, after Switzerland completed its ratification procedures.

On October 28, Switzerland notified Argentina that it had completed the necessary procedures. The contractual text of the DTA states that it will enter into force 30 days after the latter of the two notifications has been submitted.

The Swiss Federal Council said that the new text puts an end to the "agreement vacuum" between Switzerland and Argentina and will provide legal certainty for taxpayers. In 2012, Argentina terminated its 1997 DTA with Switzerland. The new DTA was signed in March 2014 and was adopted by the Swiss Parliament in June 2015.

This has been excerpted from a 29 October 2015 news item by Tax-News and is available in its entirety at: http://www.tax-news.com/news/SwitzerlandArgentina_DTA_To_Enter_Into_Force____69545.html