New TIEA signed between Switzerland and Brazil – meanwhile Dutch holding companies back on “gray list” of privileged tax regimes

TIEA_BildOn 23 November 2015, Switzerland and Brazil have signed a new tax information exchange agreement (TIEA). The new TIEA does not only foster the bilateral relationships between the two countries and ensures compliance with OECD international fiscal transparency standards, but also underlines Switzerland’s removal of the Brazilian blacklist in June 2014 permanently. Before entering into force, the TIEA however needs to be ratified by the countries’ parliaments and is subject to an optional referendum in Switzerland.

While the newly signed TIEA provides more legal and economic certainty, it may also be a first step in direction of a deeper collaboration in tax matters, particularly building a corner stone for a future double taxation treaty.

For further information regarding the aforementioned topic read our latest publication here.

Published by

Daniel Gremaud

Daniel Gremaud
Leader Tax & Legal Services Romandie (Western Switzerland)
Avenue C.-F. -Ramuz 45
1001 Lausanne
Tel. +41 58 792 81 23

Daniel is specialised in corporate tax with a particular emphasis in the reorganisation and setting up of business structures in Switzerland for international clients. He is responsible for the Foreign Based Companies market. He currently heads the worldwide PwC tax team serving many Swiss and foreign based multinationals. He also leads the global tax practice in the French speaking part of Switzerland. As a Swiss Tax Expert, he has accumulated over 30 years of experience in tax consulting for Swiss and foreign groups located in Switzerland. Daniel is a member of the Swiss Tax board, the Swiss oversight board of PwC in Switzerland and also member of the Corporate tax reform III tax force. For several years he was also in charge of the Russia CEE-CIS, US and Brazilian desks within PwC. Daniel speaks French (native), English (fluent) and Italian (native).