The Supreme Court judgment on ‘double taxation avoidance agreements’ in the Nestle case, coupled with the decision of the Swiss finance department to withdraw the most favoured nation status for India is expected to have a wider ramification on past investments made by Indian companies in Switzerland. Prashant Bhojwani, Partner, Corporate Tax, Tax & Regulatory...
Tag: DTAA
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Bad news for India as Switzerland revokes this special status to India due to…
Home Business Bad news for India as Switzerland revokes this special status to India due to… According to the statement, in 2021, the Delhi High Court in the Nestle case upheld the applicability of the residual tax rates after taking into account the MFN clause in the double taxation avoidance treaty. The Switzerland government has...
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Switzerland suspends most favoured nation clause in tax treaty with India – CNBC TV18
Switzerland has announced the suspension of the most favoured nation (MFN) clause under its Double Tax Avoidance Agreement (DTAA) with India, effective January 1, 2025. This move will allow income such as dividends and royalties to be taxed in the source state at rates specified in the DTAA. The Swiss authorities cited India’s Supreme Court...