The Swiss Federal Council adopted a dispatch on a protocol to the double tax agreement (DTA) with Iran on Oct. 23, which implements the minimum standards for such agreements.
The council said that the protocol contains an anti-abuse clause that refers to the main purpose of an arrangement or transaction, Tax-News.com reported on Monday.
The protocol, signed in June, also includes a provision on the exchange of information upon request. It must now be ratified by both countries before it can enter into force.
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