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Australia and Switzerland Sign MoU on Arbitration — Orbitax Tax News & Alerts

The Australian Taxation Office has published a Memorandum of Understanding (MoU) signed with Switzerland on 15 September 2020 to establish the mode of application of the arbitration process provided for in paragraph 5 of Article 24 (Mutual Agreement Procedure) of the 2013 income tax treaty between the two countries. The MoU covers requests for submission of a case to arbitration, the time for submission of the case to arbitration, the selection and appointment of arbitrators, the arbitration process, and other aspects of arbitration.

The MoU is effective from the date of signature.