Ireland and Switzerland
signed the first treaty for the avoidance of double taxation
in 1965, but the document was amended several years ago, on 26th of January 2012. The authorities of the two countries signed a revised edition, reducing the level of several income taxes
applicable to natural persons and legal entities, tax residents
of the two states. Our team of Irish attorneys
can provide legal assistance to Swiss investors
who are interested in the main benefits and obligations they have when investing on the local market.
Taxes under the Ireland – Switzerland double taxation treaty
According to the stipulations of the treaty, the Irish authorities will apply the following taxes:
• the income tax;
• the capital gains tax.
Swiss authorities will impose the federal, the cantonal and the communal taxes on the following:
• on income, which is comprised of the total income, the earned income, income from capital, industrial and commercial profits, capital gains;
• on capital, which refers to the total movable and immovable property, business assets, paid up capital and reserves;
• on other taxes stipulated in the Article 24 of the agreement.
It is important to know that Switzerland
is not a member state of the European Union (EU), but it had signed various agreements for the avoidance of double taxation
or free trade treaties, which can provide a similar business market with the one available in the EU; our team of Irish lawyers
can offer more details on such documents.
The provisions of the Swiss- Irish double tax agreement (amended version)
The treaty for the avoidance of double taxation
became effective starting with 1st of January 2014. Several taxes
have been lowered or eliminated, such as the withholding tax on dividends
, from which investors can be exempted. The provision is applicable in respect with the proportion of the shares owned by the investors.
Businessmen interested in receiving more details on the Ireland – Switzerland double tax treaty
can address to our Irish law firm
for legal assistance.