Switzerland and Belgium began to exchange tax information

The Federal Council of Switzerland announced the entry into force of the rule on the exchange of tax information with Belgium under the treaty on avoidance of double taxation. So, the additional agreement, which was signed in April 2014, contains an item on administrative assistance in accordance with international standards for the exchange of tax information on demand.

We remind you that there are only three ways to exchange tax information between countries. In the case of an exchange "on demand", one State requests information from another regarding specific individuals and transactions. The process is detailed in each specific Agreement between the countries.

In addition, the Swiss authorities said that the additional agreement also improved the taxation of dividends, interest and royalties. It provides for tax benefits for pension funds in the source state of the funds and ensures the effectiveness of the mechanism for taxing interest on inter-company loans and dividends paid to certain companies.

A source: http://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/#d.en.345489