On 20 July 2020, Switzerland and Cyprus signed a Protocol (the “Protocol
”) amending their Double Tax Treaty, which was signed on 25 July 2014.
The Protocol implements, among others, the minimum standards of the Base Erosion and Profit Shifting (BEPS) actions of the Organisation for Economic Co-operation and Development relating to bilateral agreements. More specifically, provisions relating to Entitlement of Benefit have been introduced and the Mutual Agreement Procedure article has been amended.
The text of the signed Protocol can be found here