During its meeting on 17 May 2023, the Federal Council adopted the dispatch on the protocol of amendment to the double taxation agreement (DTA) with the United Arab Emirates. The protocol implements the BEPS minimum standards for double taxation agreements.
The protocol of amendment contains an abuse clause which refers to the main purpose of an arrangement or transaction and thus ensures that the DTA is not abused. It also supplements the provision on the mutual agreement procedure to bring it into line with the minimum standard.
The cantons and interested business sectors have welcomed the conclusion of the protocol of amendment. It still has to be approved by the legislator in both countries before it can come into force.