Switzerland Updates Withholding Tax Overview for Tax Treaty with Brazil

The Swiss Federal Tax Administration (FTA) published an updated overview of the effects of the tax treaty with Brazil on 26 March 2026. The overview has been updated to reflect two important changes in Brazil's domestic withholding tax rules effective 1 January 2026.

The first change is Brazil's introduction of a new 10% withholding tax on dividends paid abroad (to natural or legal persons), which were previously exempt. Under the treaty, the maximum rate is 15% unless beneficial ownership…