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South Africa to Revise Tax Treaties Eswatini, Germany, and Switzerland

08 September 2021

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Treaty Development

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South Africa-Eswatini (formerly Swaziland)-Germany-Switzerland

Officials from the South African Revenue Services and the National Treasury reportedly held preliminary hearings with the Parliament Standing Committee on Finance on 1 September 2021 to discuss revisions to South Africa's current tax treaties with Eswatini (previously Swaziland), Germany, and Switzerland. The revisions are meant to improve the exchange of information under the treaties and also reduce opportunities for tax avoidance and evasion by adapting BEPS standards. Negotiations for amending protocols with the three countries have been ongoing and given that such committee hearings are held after negotiations are completed, it is expected that the amending protocols will be...