| A protocol to the double taxation convention between the United Kingdom and Switzerland was signed in London on 26 June. The protocol will make some amendments to the existing double taxation convention, dated 8 December 1977.
The main amendments are the elimination of taxation at source on dividends. The protocol also amends the exchange of information article. Measures are also contained in the new protocol relating to pensions. In future, lump sum payments may be taxed only by the state in which they arise. Also, pension contributions paid to a scheme recognized for tax purposes in one country may, under certain conditions, be deductible in the other country. | 
