The protocol amending the convention between the Swiss Confederation and New Zealand for the avoidance of double taxation with respect to taxes on income has entered into force, following the completion of the internal ratification procedures in both countries. Most of the provisions will apply from 1 January 2021, although some provisions are applicable from the date of entry into force.
The protocol implements the minimum standards for double taxation agreements (DTA). Moreover, an arbitration clause is included in the DTA.