The revised double taxation agreements (DTAs) that Switzerland signed with Germany and Canada have now gone into force.
Both amendments had been signed by these countries in October.
The revised DTAs contain an administrative assistance clause on the exchange of information in accordance with the internationally applicable standard.
Other agreements
Switzerland and Canada have also made a number of other agreements including one that exempts dividend payments to pension funds and the central bank from withholding tax.
The ratification process between Switzerland and Germany includes an agreement on a withholding tax levied at source. It also contains a number of provisions that the Swiss Federal Department of Finance said will be beneficial to the economies of both countries.
The amendments made to the DTA between Switzerland and Canada will apply from 1 January 2012.
The agreement between Switzerland and Germany regarding an international withholding of tax levied at source is still in the ratification process. It is expected to enter into force in 2013.
The remaining provisions will apply from 1 January 2012.
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