Switzerland to enter double taxation agreement with Angola
Keystone/Gaetan Bally
Switzerland is to conclude a double taxation agreement with Angola. The Federal Council approved the agreement on Friday and submitted it to Parliament. The agreement creates legal certainty in bilateral economic relations and tax cooperation.
This content was published on
2 minutes
Keystone-SDA
The agreement will enable Switzerland to expand its network of double taxation agreements in southern Africa, the government announced. The agreement largely corresponds to the model agreement of the Organization for Economic Cooperation and Development (OECD).
In the agreement, double taxation of private individuals and companies will be avoided. The agreement also takes into account the OECD project against base erosion and profit shifting.
An abuse clause is intended to prevent either Swiss or Angolan residents from benefiting from the advantages. In addition, administrative assistance is regulated in accordance with the international standard for the exchange of information on request.
The parliaments of both countries must approve the agreement before it can enter into force. According to the Federal Council, the cantons and interested business parties welcomed the conclusion of the agreement.
Adapted from German by DeepL/kc/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
US storm continues to sweep through Swiss stock market
This content was published on
The Swiss stock market continued to trade in the red mid-afternoon on Monday, following in the wake of the world's stock markets, which fell heavily as a result of the trade war launched by Donald Trump.
This content was published on
The referendum committee announced in Bern on Monday that it had collected more than 60,000 signatures against the e-ID project. The initials still need to be approved.
This content was published on
The number of offences committed by minors in canton Ticino, southern Switzerland, rose by over 20% in 2024 compared to the previous year.
Swiss trout and pike found with excessive PFAS levels
This content was published on
Trout and pike in the lakes of western Switzerland contain excessive levels of the chemical group PFAS. This could jeopardise their saleability.
Swiss unions call for shorter days for construction workers
This content was published on
Construction workers need shorter days, say Swiss trade unions. Demonstrations are planned in Zurich and Lausanne on May 17.
Rapeseed restrictions cause problems for Swiss farmers
This content was published on
More and more Swiss farmers are abandoning rapeseed cultivation because they lack the means to protect the sensitive plants from pests.
Tariffs: Swiss index SMI down sharply in pre-market trading
This content was published on
The trade war unleashed by US President Donald Trump is causing a sell-off. According to experts' calculations, the leading Swiss SMI index is likely to fall by around 2%.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.