Within 30 days of notification, the relevant person, authorised person or other contracting party may object in writing to the relevant receipt regarding the final withholding tax produced by the Swiss paying agent. The Swiss paying agent and the relevant person, authorised person or other contracting party shall endeavour to come to a mutually acceptable solution within the terms of the applicable agreement. Within 60 days of the written objection being submitted, the Swiss paying agent shall either produce a new receipt or confirm the validity of the original receipt.
A receipt is considered approved if the relevant person, authorised person or other contracting party does not apply in writing to the FTA for a ruling within 30 days of notification of the new receipt or confirmation of validity of the original receipt. An appeal against the FTA’s ruling is governed by the general provisions on the administration of federal justice.
A tax that has been wrongly levied may be rectified by the Swiss paying agent within five years if it is ensured that neither a tax credit nor a refund has been or will be claimed in the partner state in respect of the corresponding capital income or inheritance case.
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