According to recent reports, the Iranian parliament has approved the ratification of the pending protocol to the 2002 income and capital tax treaty with Switzerland.  The protocol, signed 3 June 2019, is the first to amend the treaty and includes updates to bring the treaty in line with BEPS standards, among other changes. It will enter into force once the ratification instruments are exchanged and will generally apply in Switzerland from 1 January of the year following its entry into force and in Iran from 21 March (first day of Farvardin in Iranian calendar) of the year following its entry into force.