Kuala lumpur: Malaysia's Ministry of Finance (MOF) and Switzerland's State Secretariat for International Finance have successfully concluded the second round of renegotiations of the Agreement for the Elimination of Double Taxation with Respect to Taxes on Income between the two countries.

According to BERNAMA News Agency, the MOF announced in a post on X that the renegotiations took place in Putrajaya from June 22 to 25, 2026. The original agreement, signed in 1974, aims to prevent individuals and businesses from facing double taxation on the same cross-border income. It allocates taxing rights between the two nations, facilitates information exchange between tax authorities, and promotes foreign investment and cross-border trade by providing greater tax certainty and reducing tax-related costs.

The MOF noted that the second round of negotiations followed the first round held in Bern, Switzerland, in December 2025. The goal was to update the existing agreement to align with current international tax standards and the evolving global economic and business models. The negotiations were conducted with a strong spirit of cooperation, with both parties committed to achieving a balanced outcome that supports sustainable growth for both countries.

The ministry also highlighted that Treasury secretary-general Tan Sri Johan Mahmood Merican met with both Malaysian and Swiss delegations to reaffirm the MADANI Government's commitment to strengthening tax cooperation and the longstanding bilateral relations between Malaysia and Switzerland.