On 20 May 2022, Japan's House of Councilors (upper house of parliament - Diet) approved the pending protocol to the 1971 income tax treaty with Switzerland. The protocol was approved by the House of Representatives (lower house) on 28 April. The protocol, signed 16 July 2021, is the second to amend the treaty and includes changes to bring the treaty in line with OECD BEPS standards, among other…