A new tax treaty between Switzerland and Pakistan entered into force on November 29, the Swiss government has announced.
The Switzerland-Pakistan tax treaty replaces an earlier agreement between the two nations. The new agreement will be applied from January 1, 2019, the Swiss government said.
The treaty, signed March 21, amends provisions on the taxation of service fees and capital gains resulting from the sale of qualifying participations. The new agreement also contains an arbitration clause, a provision on the exchange of information, and an anti-abuse provision meeting OECD/G20 base erosion profit shifting (BEPS) agreement minimum standards.
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