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Switzerland Revokes India’s MFN Status

Switzerland Revokes India’s MFN Status

Mumbai: Switzerland has suspended the Most-Favoured-Nation (MFN) status granted to India that could lead to higher taxes on Indian companies operating in the European nation. Switzerland cited an adverse court ruling against Nestlé for the avoidance of double taxation concerning taxes on income. Effective January 1, 2025, Indian companies operating in Switzerland will be subjected...