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Searched Tag: switzerland scraps mfn status to india
Switzerland scraps MFN clause in tax treaty with India

Switzerland scraps MFN clause in tax treaty with India

December 14, 2024, 03:48 PM - 5 min read

Switzerland has withdrawn the most favoured nation status (MFN) status granted to India following an adverse court ruling against Nestle, a move that will result in adverse tax implications for Indian entities operating in the European nation. With this, from January 1, 2025, Indian companies will be subject to a higher withholding tax on income generated in Switzerland.

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