The protocol to the 1980 income tax treaty between New Zealand and Switzerland entered into force on 10 December 2020. The protocol, signed 8 August 2019, is the first to amend the treaty and includes the following changes:

• The preamble is replaced in line with BEPS standards;
• A new paragraph 7 is added to Article 7 (Business Profits), which provides that a Contracting State shall make no adju…