The tax liability of several Indian companies, which have operations in Switzerland, including bellwether IT and pharma firms, may rise with the central European country announcing a decision to increase the withholding tax on dividends their Swiss arms pay to Indian parents under the ‘source rule’, from 5% to 10%, effective January 2025. Switzerland cited...
Tag: Indian companies in Switzerland
Post
Post
Switzerland withdraws MFN status from India
Switzerland cited a ruling by Indian Supreme Court in a case relating to Nestle for its decision to withdraw the MFN. File | Photo Credit: Reuters In a development that could hurt India’s investment climate and affect firms’ international taxation math, Switzerland has decided to suspend the Most Favoured Nation (MFN) treatment for India under...