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Switzerland MFN withdrawal: Pay 10% tax instead of 5% on dividend income from January 1, 2025; know how it will impact taxpayers

Switzerland MFN withdrawal: Pay 10% tax instead of 5% on dividend income from January 1, 2025; know how it will impact taxpayers

The State Secretariat for International Financial Matters, which represents Switzerland‘s interests in financial, monetary and tax matters, has officially decided to suspend the most favoured nation (MFN) clause between Switzerland and India with respect to taxes on dividend income with effect from January 1, 2025. This means dividend income will be taxed at 10% rate...