The Swiss government has suspended the most favoured nation status (MFN) clause in the Double Taxation Avoidance Agreement (DTAA) between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. According to a December 11 statement by the Swiss finance department, the move...
Tag: Tax treaty
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Switzerland suspends most favoured nation clause in tax treaty with India – CNBC TV18
Switzerland has announced the suspension of the most favoured nation (MFN) clause under its Double Tax Avoidance Agreement (DTAA) with India, effective January 1, 2025. This move will allow income such as dividends and royalties to be taxed in the source state at rates specified in the DTAA. The Swiss authorities cited India’s Supreme Court...