Switzerland and Romania have signed a double tax agreement (DTA) with Romania, including a less restrictive exchange of information following changes to Swiss banking secrecy, according to the Swiss Government.

Switzerland and Romania have agreed on withholding tax exemption for dividend payments from significant holdings of at least 25 percent in the capital of the company making the payment, as well as for dividend payments to pension funds. In the future, interest payments will be subject to withholding tax of no more than 5 percent.

editor@romania-insider.com