Update - Protocol to Tax Treaty between Latvia and Switzerland

The first protocol to amend the 2002 income tax treaty between Latvia and Switzerland was signed on 2 November 2016. The main amendments made by the protocol include:

• The title and preamble of the treaty are replaced to introduce language developed under BEPS Action 6 that the Contracting States have a common intention to eliminate double taxation without creating opportunities for non-taxation or reduced taxation through evasion or avoidance;
• Article 10 (Dividends) is replaced to include:
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