12 April 2012 On 5 April 2012, Germany and Switzerland signed an amending protocol to the not yet in force Germany - Switzerland Tax Agreement (2011), signed on 21 September 2011, in respect of capital income derived by German residents from assets in Switzerland. The main elements of the protocol are: -   interest payments which are covered by the EC–Switzerland Savings Directive Agreement (2004) are excluded from the scope of the agreement; -   regarding the one-off payment for regularizing previously undeclared funds situated in Switzerland, the tax burden will be between within the range of 21% to 41%...