Switzerland Pulls MFN Status: What Does It Mean? New Delhi: The Swiss government suspended India’s “Most Favoured Nation” status earlier this week, which would have significant trade implications for both countries. The suspension of the MFN clause from the Double Taxation Avoidance Agreement (DTAA) will likely impact Swiss investment in India and increase the tax...
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Switzerland Withdraws MFN Status For India: What’s Next For Indian Businesses
Switzerland Withdraws MFN Status For India: What’s Next For Indian Businesses (Image Source: Pixabay) New Delhi: Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, leading to higher taxes for Indian businesses operating in the country. Starting January 1, 2025, Indian companies will face a 10 per cent withholding tax...