UAE-Switzerland Tax Treaty: Effective from January 2013

The agreement was signed in Dubai on 6 October 2011 and entered into force on 21 October 2012. It came into force for the withholding of taxes on 1 January 2012 and for all other taxes on 1 January 2013.

The main provisions are as follows:

Permanent establishment

The term "permanent establishment" means a fixed place of business through which the business of an enterprise is wholly or partly exercised.

A construction or installation project constitutes a permanent establishment only if it lasts more than twelve months.

Dividends

Dividends paid by a company which is a resident of a contracting state to a resident of the other contracting state may be taxed in that other state.