Switzerland has unilaterally decided to suspend the most favoured nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. The move comes after the Supreme Court of India’s ruling in the Nestle case. The move is expected to have a significant impact on the operations of Indian companies in Switzerland as well as...
Tag: Supreme Court of India
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Switzerland Revokes India’s ‘Most Favoured Nation’ Status Over Nestle Verdict
New Delhi: Switzerland has taken a unilateral stand after the Supreme Court of India’s ruling in the Nestle case. It has revoked the ‘Most Favoured Nation’ or MFN status accorded to India under the Double Taxation Avoidance Agreement or DTAA treaty. Switzerland’s move marks a significant shift in bilateral treaty dynamics and will result in...