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Switzerland withdraws India’s ‘most favoured nation’ status: 2 key impacts

Switzerland withdraws India’s ‘most favoured nation’ status: 2 key impacts

Switzerland has withdrawn the most Favoured Nation (MFN) status for India under their Double Taxation Avoidance Agreement (DTAA), effective January 2025. This move stems from a 2023 Indian Supreme Court ruling involving Nestlé, a Swiss multinational, which clarified that MFN benefits under the treaty are not automatically triggered without proper notification by Indian authorities. Let...