Switzerland’s Federal Council adopts dispatch on double taxation treaty with Oman

Switzerland’s Federal Council today announced that it has adopted a dispatch on a double taxation agreement signed with Oman on May 22. The agreement has been submitted it to Parliament for approval.

Under the agreement, taxation in the source country on dividends is reduced to 5 percent for significant corporate shareholders, is zero for pension funds, and is 15 percent in other cases. Taxation in the source country of interest is set at  zero in some cases and at a 5 percent rate in other cases. Source country taxation of royalties is set at an 8 percent rate, though a most favored nation clause allows for lower maximum rates for royalty payment.

The agreement provides for exchange of information upon request.

See:

• Release