Last Updated:December 14, 2024, 12:37 IST The Swiss government has suspended the most favoured nation (MFN) status clause in the Double Taxation Avoidance Agreement between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. The suspension of the MFN clause is a...
Tag: Most Favoured Nation status
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Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses – Industry News
Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey....