08.24.14

TIEA between Seychelles and Switzerland to enter into force

Posted in International relations at 6:36 pm by Robert Klien

The Swiss Federal Council has adopted a dispatch on tax information exchange agreement (TIEA) with the Seychelles. The dispatch will now be submitted to parliament for its approval.

Switzerland signed a TIEA with the Seychelles on May 26, 2014. The document must be approved by parliament before it can enter into force, and may be subject to an optional referendum.

In accordance with the Federal Council, during the hearing procedures that followed the completion of negotiations, the cantons and stakeholders expressed their support. The TIEA complies with the international standard.

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