The Protocol contains provisions on the exchange of information which are in accordance with the OECD standards. In addition, the protocol specifies, amongst other things, that the dividend payments to occupational benefits schemes and public bodies will be exempt from withholding tax.
Moreover, the rate of the tax that the source state is entitled to levy on interest payments has been lowered from 10% to 7%.
Last but not least an arbitration clause has also been adopted, which is expected to contribute to the definitive avoidance of double taxation.
The Protocol is currently not in force; it will enter into force after the necessary procedures in both countries have been completed.
Source: The Federal Authorities of the Swiss Confederation (www.admin.ch) - you can see the relevant announcement here.