Malaysia and Switzerland have successfully concluded the second round of negotiations to update their double taxation agreement, marking a key step toward modernising cross-border tax rules and strengthening bilateral economic ties.
The Finance Ministry (MOF) said the talks, held in Putrajaya from June 22 to 25, with Switzerland’s State Secretariat for International Finance, focused on revising the 1974 treaty to align with current international tax standards and evolving global business models.
The agreement is designed to prevent double taxation, clarify taxing rights between both countries and enhance information exchange between tax authorities.
MOF said the negotiations were conducted in a spirit of cooperation, with both sides aiming for a balanced outcome that supports sustainable growth and encourages cross-border investment and trade.
Treasury secretary-general Tan Sri Johan Mahmood Merican also met both delegations to reaffirm Malaysia’s commitment to strengthening long-standing tax and economic relations with Switzerland.
