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: MFN status
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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...
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Switzerland scraps MFN status to India, dividend income to face higher tax
NEW DELHI: Switzerland has withdrawn the MFN status granted to India following an adverse court ruling against Nestle, a move that will result in adverse tax implications for Indian entities operating in the European nation. With this, from January 1, 2025, Indian companies will be subject to a higher withholding tax on income generated in...
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Switzerland Revokes India’s MFN Status Amid Nestle Tax Dispute | Business
In a significant economic development, Switzerland has announced the withdrawal of the Most Favoured Nation (MFN) status it had granted to India. This follows a legal ruling by the Indian Supreme Court against Switzerland-based multinational Nestle, triggering adverse tax implications for Indian businesses. Effective January 1, 2025, Indian companies operating in Switzerland will...