AUSTRALIAN TAX TREATIES

Swiss Convention  

CONVENTION BETWEEN AUSTRALIA AND THE SWISS CONFEDERATION FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME, WITH PROTOCOL  

CHAPTER VI - FINAL PROVISIONS  

ARTICLE 27   Entry into force  

1  
Each Contracting State shall notify to the other, through diplomatic channels, the completion of the procedures required by its law for the bringing into force of this Convention. The Convention shall enter into force on the date on which the later of those notifications has been received.

2  
The provisions of the Convention shall have effect:


a) in the case of Australia:


(i) in respect of fringe benefits tax, in relation to fringe benefits provided on or after 1 April next following the date on which this Convention enters into force;

(ii) in respect of withholding tax on income that is derived by a resident of Switzerland, in relation to income derived on or after the first day of January of the calendar year next following the date on which the Convention enters into force;

(iii) in respect of other Australian tax, in relation to income, profits or gains of any income year beginning on or after 1 July next following the date on which the Convention enters into force;


b) in the case of Switzerland:


i) in respect of taxes withheld at source on amounts paid or credited on or after the first day of January of the calendar year next following the entry into force of the Convention;

ii) in respect of other taxes for taxation years beginning on or after the first day of January of the calendar year next following the entry into force of the Convention;


c) in respect to Article 25 , to information that relates to taxation years or business years in course on, or beginning on or after, the first day of January of the calendar year next following the entry into force of the Convention.

3  
The Agreement between Australia and Switzerland for the avoidance of double taxation with respect to taxes on income, with Protocol, signed at Canberra on 28 February, 1980 shall terminate upon the entry into force of this Convention. However, the provisions of the first-mentioned Agreement shall continue to have effect for taxable years and periods which expired before the time at which the provisions of this Convention shall be effective.




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