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Tax hit to top Indian firms from new Swiss rule – Industry News

Tax hit to top Indian firms from new Swiss rule – Industry News

The tax liability of several Indian companies, which have operations in Switzerland, including bellwether IT and pharma firms, may rise with the central European country announcing a decision to increase the withholding tax on dividends their Swiss arms pay to Indian parents under the ‘source rule’, from 5% to 10%, effective January 2025.  Switzerland cited...