We review experimental and theoretical studies of CP violation in the B 0 s system. Updated predictions for the mixing parameters of the B 0 s mesons expected in the Standard Model (SM) are given, namely the mass difference ∆M SM s = (18.3±2.7) ps −1 , the decay rate difference ∆Γ SM s = (0.085 ± 0.015) ps −1 , and the flavour specific CP asymmetry a s,SM fs = (2.22 ± 0.27) × 10 −5 and the equivalent quantities in the B 0 -sector. Current experimental values of ∆Ms and ∆Γs agree with remarkable precision with theoretical expectations. This agreement supports the applicability of theoretical tools such as the Heavy Quark Expansion (HQE) to these decays. CP violating studies in the B 0 s system provide essential information to test the SM expectations, and to unveil possible contribution of the new physics (NP). NP effects on ∆Ms of the order of 15% are still possible. The CP phase φs due to CP violation in interference of decays and mixing can accommodate effects of the order of O(100%). The semileptonic CP asymmetry a s sl due to CP violation in mixing could still be a factor of 130 larger than its robust SM expectation and thus provides a very clean observable for NP searches. Theoretical improvements that are necessary to make full use of the experimental precision are discussed.