Specifically, the protocol of amendment contains an anti-abuse clause. This is intended to prevent those who are domiciled in neither Switzerland nor Hungary from claiming the benefits provided for in the DTA. The protocol of amendment also aims to improve the dispute resolution mechanisms. However, it does not provide for any changes to the tax allocation rules.
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment. It still has to be approved by parliament in both countries before it can come into force.
Botschaft über die Genehmigung eines Protokolls zur Änderung des DBA zwischen der Schweiz und Ungarn(pdf, 301kb)
Änderungsprotokoll zum DBA zwischen der Schweiz und Ungarn(pdf, 255kb)
Bundesbeschluss über die Genehmigung eines Protokolls zur Änderung des DBA zwischen der Schweiz und Ungarn(pdf, 189kb)
Address for enquiries:
Communications
State Secretariat for International Finance SIF
Tel. +41 58 462 46 16, info@sif.admin.ch
