The Swiss State Secretariat for International Finance has announced the signing of an amending protocol to the 2012 income and capital tax treaty with Hungary on 12 July 2024. --- Switzerland and Hungary sign protocol of amendment to double taxation agreement On 12 July 2024 in Budapest, Switzerland and Hungary signed a protocol of amendment to the agreement for the avoidance of double taxation with respect to taxes on income and capital (DTA). It implements the minimum standards for double taxation agreements. Specifically, the protocol of amendment contains an anti-abuse clause. This is intended to prevent a person who is...