Switzerland Tax Agency Updates Withholding Tax Summary for Brazil Under 2018 DTA, Protocol

The Swiss Federal Tax Administration March 26 updated the withholding tax summary, current as of Jan. 1, for the 2018 DTA and protocol with Brazil. Topics covered include: 1) updated rates for dividends, interest, license fees, and investment income; 2) the 10 percent withholding tax rate for dividends paid by Brazilian companies to nonresidents, with exemptions for Swiss-resident beneficial owners; 3) the 17.5 percent withholding tax rate for interest on equity received by nonresidents; 4) the 10 percent withholding tax rate for certain investments made by natural persons, and qualifying long-term loans by Swiss-resident banks to finance equipment purchases or ...