The amending protocol to the 2014 income and capital tax treaty between Cyprus and Switzerland entered into force on 3 November 2021. The protocol, signed 20 July 2020, is the first to amend the treaty and includes the following changes:

• The preamble is replaced in line with BEPS standards;
• Article 7 (Business Profits) is amended with the addition of a new paragraph 4 providing that a Contract…