Switzerland Withdraws MFN Status For India: What’s Next For Indian Businesses (Image Source: Pixabay) New Delhi: Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, leading to higher taxes for Indian businesses operating in the country. Starting January 1, 2025, Indian companies will face a 10 per cent withholding tax...
Tag: Switzerland Withdraws MFN Status
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Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses – Industry News
Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey....
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Switzerland withdraws MFN status from India
Switzerland cited a ruling by Indian Supreme Court in a case relating to Nestle for its decision to withdraw the MFN. File | Photo Credit: Reuters In a development that could hurt India’s investment climate and affect firms’ international taxation math, Switzerland has decided to suspend the Most Favoured Nation (MFN) treatment for India under...