Switzerland has decided to suspend the ‘Most Favoured Nation’ (MFN) clause from its bilateral double tax avoidance agreement (DTAA) with India, effective January 1 next year. This change is anticipated to increase tax liabilities for Indian firms operating in Switzerland. Following the suspension, Switzerland will impose a 10% tax on dividends paid to Indian tax...
Tag: supreme court
Post
Post
Repatriation of profit from Swiss to become a costlier affair
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...
Post
India-Switzerland Tax Treaty Faces Renegotiation Amid Trade Developments | Business
The Indian government announced on Friday that it might need to renegotiate its double taxation treaty with Switzerland. This consideration comes in light of a recent trade agreement between India and the European Free Trade Association (EFTA) countries, which include Switzerland. The Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal, confirmed the likelihood of...
Post
Bad news for India as Switzerland revokes this special status to India due to…
Home Business Bad news for India as Switzerland revokes this special status to India due to… According to the statement, in 2021, the Delhi High Court in the Nestle case upheld the applicability of the residual tax rates after taking into account the MFN clause in the double taxation avoidance treaty. The Switzerland government has...
Post
Switzerland withdraws tax MFN status on Indian companies
NEW DELHI: In a retaliatory action, the government of Switzerland has withdrawn the application of the Most Favoured Nation (MFN) clause on Indian entities operating in the European country. The Swiss authorities took the action after the Supreme Court of India rejected automatic applicability of MFN clause under the bilateral tax treaty between the two...
Post
American gymnast Jordan Chiles takes bid to have Olympic bronze restored to the Swiss Supreme Court | CBC Sports
American gymnast Jordan Chiles is asking Switzerland’s Supreme Court to overturn a ruling by the Court of Arbitration for Sport that stripped Chiles of a bronze medal in floor exercise at the 2024 Olympics. Chiles, with the support of the United States Olympic and Paralympic Committee and USA Gymnastics, filed the appeal on Monday, a...
Post
Down with WHO, the John Fetterman-RFK ‘resistance’ and other commentary
Pandemic journal: Down With the WHO! “The response to COVID was the greatest mistake in the history of the public-health profession,” thunders City Journal’s John Tierney — and now the World Health Organization, chief author of the catastrophe, “wants new authority to make its bureaucrats’ whims mandatory” and “to censor those who disagree.” That’s via...