*Revised Switzerland-Australia Double Tax Treaty signed and draft legislation to make it law released [10]

On 30 July 2013, Australia and Switzerland signed a revised tax treaty, to replace the existing tax treaty signed in 1980. The revised treaty aims to align the bilateral tax arrangements more closely with current Australian and international treaty policy settings.

Treasury on Wed 4.6.2014, released exposure draft legislation, which proposes to give the revised treaty the force of law in Australia. The revised treaty will enter into force after both countries have completed their respective domestic requirements.

COMMENTS are due by 18 June 2014.

[LTN 106, 4/66/14]