Entry into Force of the Protocol amending the Convention between Japan and Switzerland for the Avoidance of Double Taxation with respect to Taxes on Income
December 1, 2011
- The Exchange of Notes for the entry into force of "The Protocol amending the Convention between Japan and Switzerland for the Avoidance of Double Taxation with respect to Taxes on Income" (signed on May 21, 2010) took place in Berne (Switzerland) on Wednesday, November 30. The Amending Protocol will enter into force on Friday, December 30, 2011.
- The Amending Protocol partially amends the content of the current Convention. After the entry into force of the Amending Protocol, the effective exchange of information based on the international standard regarding taxes between the tax authorities of both countries will be operational, and is expected to contribute to the prevention of international tax evasion. In addition, taxation on the investment income (dividend, interest, royalty) in the invested country will be lessened or exempted, and it is expected to contribute to the enlargement of economic activities including investment between the two countries.
- (*This is a provisional translation. The above date denotes the date of the issue of the original press release in Japanese.)
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