Estonia

Switzerland and Estonia sign protocol to amend double taxation agreement

Switzerland and Estonia, on August 25, signed a protocol to amend their double taxation agreement.

Under the agreement, interest and royalty payments are exempt from withholding tax. Dividends are also exempt from withholding tax if the company receiving the dividend holds a stake of at least 10 percent in the capital of the distributing company for at least one year. In other cases, the withholding tax rate for dividend distributions is 10 percent.

The agreement also provides for the exchange of information upon request in accordance with the currently applicable international standard.

The agreement must be approved by parliament in both countries before it can come into force. Release