Brazil and Switzerland: The treaty for the avoidance of double taxation between the countries has been ratified by the Brazilian President's sanction

The new treaty defines permanent establishment and sets out withholding tax rates for dividends, royalties, interest and technical service.

The treaty for the avoidance of double taxation between Brazil and Switzerland (Treaty) has been ratified and promulgated. The new tax treaty between Switzerland and Brazil will be effective as from 1 January 2022.

Detailed discussion

The Treaty was approved on 6 March 2019, by the Swiss Parliament and on 25 February 2021 by the Brazilian Senate.¹ On 9 Jun…