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Press Release

Japanese

February 8, 2021

Ministry of Finance

Protocol amending Tax Convention with Switzerland Agreed in Principle

[Provisional translation]
1. The Government of Japan and the Swiss Federal Council have agreed in principle on the Protocol amending part of the existing Tax Convention (Convention between Japan and Switzerland for the Avoidance of Double Taxation with respect to Taxes on Income) which entered into force in 1971 and was partly amended in 2011.

2. This Protocol reinforces or introduces provisions for clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance, and is expected to promote further mutual investments and economic exchanges between the two countries.

3. This Protocol will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Protocol will enter into force after the completion of the domestic procedures in each of the two countries (in Japan, approval by the Diet is necessary).

  

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・ International Tax Policy Division, Tax Bureau
 Tel 03(3581)4111 (ext. 5007, 5335)