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...
Tag: switzerland
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World`s steepest cableway is opens in Switzerland
On Saturday, 14th December 2024 the world’s steepest cable car started operating. The new direct connection between Stechelberg and Mürren was officially opened the day before as part of a VIP opening ceremony. At the same time, the first section of the cable car between Mürren and Birg will go into operation. It marks the...
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Explore Switzerland Like Never Before: A Seamless Adventure With the Swiss Travel Pass
Last updated: 7:00 PM ET, Thu December 19, 2024 WHY IT RATES: The Swiss Travel Pass offers unlimited access to Switzerland’s extensive public transport network for 3, 4, 6, 8, or 15 days, including trains, buses and boats. It also covers panoramic train routes, mountain excursions, and entry to over 500 museums. The pass is ideal...
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Switzerland breaks neutrality, votes to ban Hezbollah after outlawing Hamas, cutting UNRWA funding
By All Israel News, Thursday, December 19, 2024 Sheikh Naim Qassem, a prominent Hezbollah figure, delivers an impassioned speech during the funeral of Hezbollah leader Ibrahim Aqil in Beirut, Lebanon, on Sept. 22, 2024. | Courtney Bonneau/Middle East Images via AFP In a departure from their longstanding position of political neutrality, Switzerland voted to ban...
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Nestle India Unaffected by Switzerland’s MFN Suspension: A Policy Issue Overview | Business
Nestle India announced on Thursday that the suspension of Switzerland’s MFN clause will not impact the company, despite the broader policy issues it represents between governments. The FMCG major clarified the matter is not specific to them. The suspension stems from a Supreme Court ruling stating the MFN clause under the DTAA cannot be...
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Lindsey Vonn Returns to World Cup Ski Racing in St. Moritz, Switzerland
Legendary ski racer Lindsey Vonn will return to World Cup Ski Racing in St. Moritz, Switzerland, this weekend. After stepping away from racing in 2019 after a string of persistent injuries, Vonn underwent a partial knee replacement in April. That surgery, it seems, has left her feeling good to go. Only a month after return to racing, Vonn has qualified for the World...
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World’s steepest cable car reaches record 2,543 feet in 4 minutes
Switzerland has officially unveiled the world’s steepest cable car, a remarkable engineering feat nestled within the stunning Bernese Alps. With an astounding gradient of 159.4%, the new cableway connects Stechelberg village on the valley floor to the mountain village of Mürren. The newly unveiled marvel is part of the ambitious Schilthornbahn 20XX project, aimed at...
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Two charged over US tech used in deadly drone attack on soldiers in Jordan
An Iranian American and a Swiss Iranian have been arrested for allegedly exporting sensitive US technology to Iran for use in attack drones. An Iranian-American citizen and a Swiss Iranian have been arrested and charged by United States authorities with allegedly exporting sensitive technology to Iran that was used in a deadly drone attack on...
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Spain Eyes Historic Women’s Soccer Victory at Euro 2025 | Sports-Games
Spain’s women’s soccer team is setting its sights on the 2025 European Championship, a win that would cap an impressive run of major title victories for the team. With a group that includes Italy, Belgium, and Portugal, Spain’s path is set under the leadership of coach Montse Tomé. The European Championship marks another significant...
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The Swiss confusion – Opinion News
Switzerland’s decision to suspend the Most Favoured Nation (MFN) treatment for India under the two countries’ 30-year-old double-taxation avoidance agreement (DTAA) from January 1 shows that as far as India is concerned, the more things change, the more they remain the same. Despite the rapid changes in the external environment, the difference in understanding or...