Switzerland has decided to suspend the ‘Most Favoured Nation’ (MFN) clause from its bilateral double tax avoidance agreement (DTAA) with India, effective January 1 next year. This change is anticipated to increase tax liabilities for Indian firms operating in Switzerland. Following the suspension, Switzerland will impose a 10% tax on dividends paid to Indian tax...
Tag: Double Tax Avoidance Agreement
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Switzerland scraps most favoured nation clause in tax treaty with India
New Delhi: Switzerland announced that it will suspend the most favoured nation (MFN) clause in its Double Tax Avoidance Agreement (DTAA) with India effective January 1, 2025, in a move that may raise the tax outgo on dividend income for Indian entities operating in the European country. The decision follows India’s Supreme Court ruling in...