On 4 June 2014, the Swiss National Council approved the law ratifying the new income and capital tax treaty with Hungary. The new treaty was signed 12 September 2013, and will replace the 1981 treaty between the two countries, which currently applies. Taxes Covered The treaty covers Hungarian personal income tax, corporate tax, land parcel tax, and building tax. The treaty covers Swiss federal, cantonal and communal taxes on income, including total income, earned income, income from capital, industrial and commercial profits, capital gains, and other items of income. It also covers capital, including total property, movable and immovable property,...