Putrajaya, 26 June 2026 (The Capital Post) – Malaysia and Switzerland have concluded the second round of renegotiations on their Agreement for the Elimination of Double Taxation with Respect to Taxes on Income, aimed at updating the decades-old treaty to reflect current international tax standards and the evolving global economy.
According to a post on the official Facebook page of Kementerian Kewangan, officials from the Ministry of Finance Malaysia and the State Secretariat for International Finance, Switzerland, held the negotiations in Putrajaya from 22 to 25 June 2026.
The bilateral agreement, first signed in 1974, is designed to prevent individuals and businesses from being taxed twice on the same cross-border income. It also establishes clear taxing rights between both countries, facilitates the exchange of information between tax authorities, and promotes foreign investment and cross-border trade by providing greater tax certainty while reducing tax-related costs.
The second round of negotiations follows the first round held in Bern, Switzerland, in December 2025. The discussions focused on updating the existing agreement to align with current international taxation standards, as well as changes in the global economic landscape and evolving business models.
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Both delegations reaffirmed their commitment to achieving a balanced outcome that supports sustainable economic growth and strengthens bilateral tax cooperation between Malaysia and Switzerland.
During the meeting, Treasury Secretary-General YBhg. Tan Sri Johan Mahmood Merican also met with the Malaysian and Swiss delegations to reaffirm the MADANI Government’s commitment to enhancing tax cooperation and the longstanding bilateral relationship between the two countries. – The Capital Post.
