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Switzerland scraps most favoured nation clause in tax treaty with India

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...