UniCredit Bank Czech Republic and Slovakia,a.s.
Summary:
The protocol signed between the Czech Republic and Switzerland to amend their DTA entered into force on October 11, 2013
Fri, 25/10/2013
Please be advised that according to preliminary media reports, the protocol signed between the Czech Republic and Switzerland to amend their DTA entered into force on October 11, 2013. The effectiveness of the protocol will start on January 1, 2014. This protocol is an addition to the DTA from the year of 1995.
Impact on investors: The new protocol to the DTA signed between the Swiss Federal Council and the Czech Republic entered into force and will be effective as of January 1, 2014. It will have an impact on the taxation of pension funds, which will be taxed exept they fulfill certain criteria, and on investor holdings of at least a 10% stake in a company for 12 months and longer.