On 10 July 2014, a new income and capital tax treaty between Iceland and Switzerland was signed. Once in force and effective, the treaty will replace the 1988 tax treaty between the two countries.
Taxes Covered
The treaty covers the Icelandic income taxes to the state and to municipalities, and Swiss federal, cantonal and communal taxes on income and capital.
Withholding Tax Rates
- Dividends - 0% if the beneficial owner is a company directly holding at least 10% of the paying company's…