The amending protocol to the 1971 income tax treaty between Japan and Switzerland will enter into force on 30 November 2022. The protocol, signed 16 July 2021, is the second to amend the treaty and includes the following main changes:

• The preamble is replaced in line with BEPS standards;
• Article 2 (Taxes Covered) is updated with respect to the Japanese taxes covered by the treaty, which includ…