Switzerland Publishes Agreement with the Philippines on Tax Residence Certification for Claiming Tax Treaty Benefits

Switzerland's Federal Tax Administration has published a mutual agreement with the Philippines regarding the procedure for tax residence certification of Swiss official forms generally used for the application and the claim of benefits under the 1998 Swiss-Philippines tax treaty including, in particular, reduced dividend withholding tax rates under paragraph 2 of Article 10 (Dividends). This includes a six-step procedure for the certification of Philippine tax residence.

The mutual agreemen…