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switzerland suspends most favoured nation status for india after supreme court ruling
Switzerland has suspended the 'Most Favoured Nation' status in its tax treaty with India, imposing a 10% tax on dividends from Indian entities starting January 1. This decision follows a Supreme Court ruling regarding the applicability of the MFN clause, particularly in relation to the Nestlé case, and may lead to renegotiations of the existing tax treaty amid India's recent trade pact with the European Free Trade Association.
NewsX World
United States Dollar Swiss Franc Indian Rupee Euro Nestlé S.A. CHE LTU IND COL Randhir Jaiswal Joe Biden Show more
Regulatory & Legal, News Article
01:56 14.12.2024
Switzerland suspends MFN status for India following Supreme Court ruling
Switzerland has suspended the most favoured nation (MFN) status for India, resulting in a 10% tax on dividends from Indian entities starting January 1. This decision follows a Supreme Court ruling that clarified the MFN clause's applicability concerning OECD membership. India's Ministry of External Affairs indicated that the double taxation treaty with Switzerland may need renegotiation due to India's recent trade pact with the European Free Trade Association, which aims to attract $100 billion in investments over the next 15 years.
Hindustan Times
Norwegian Krone Indian Rupee United States Dollar Swiss Franc Euro Nestlé S.A. LTU IND NOR COL ISL LIE CHE Randhir Jaiswal Show more
Regulatory & Legal, News Article
01:37 14.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling on Nestle
Switzerland has revoked the most-favoured-nation status for India under their double tax avoidance agreement, following a 2023 Supreme Court ruling regarding Nestle. Starting January 1, 2025, the tax rate on dividends will increase from 5% to 10%, impacting Indian companies' competitiveness. Experts warn that other nations may adopt similar measures, citing concerns over reciprocity in tax treatment.
article
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. CHE LTU IND COL Amit Maheshwari Ajay Srivastava Show more
Regulatory & Legal, News Article
00:38 14.12.2024
Switzerland suspends MFN status for India impacting tax on dividends
Switzerland has suspended the Most Favoured Nation (MFN) status in its Double Taxation Avoidance Agreement with India, following a Supreme Court ruling that limits the MFN clause's applicability. This change will result in a 10% tax on dividends for Indian tax residents from January 1, 2025, increasing tax liabilities for Indian companies operating in Switzerland. The decision reflects a significant shift in bilateral tax treaty dynamics and may impact Swiss investments in India.
India TV
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. CHE LTU IND COL Amit Maheshwari Sandeep Jhunjhunwala Show more
Regulatory & Legal, News Article
19:17 13.12.2024
Switzerland suspends MFN status to India following tax ruling changes
Switzerland has suspended the unilateral application of the most favoured nation (MFN) clause with India under the Double Tax Avoidance Agreement, reverting the withholding tax on Indian entities from 5% back to 10% effective January 1, 2025. This decision follows a Supreme Court ruling that affected the application of the MFN clause, highlighting the lack of reciprocity from India. Consequently, while Indian companies in Switzerland will still benefit from other DTAA provisions, dividends paid to Indian holding companies will now be taxed at the higher rate.
@bsindia
United States Dollar Nestlé S.A. PwrCor, Inc. CHE LTU IND COL Akhilesh Ranjan Show more
Regulatory & Legal, News Article
17:29 13.12.2024
Stabull Finance launches decentralized exchange for stablecoins and tokenized assets
Stabull Finance has launched a decentralized platform on Ethereum and Polygon, offering an alternative to traditional FX and commodity swaps. After six months of beta testing, it now supports tokenized gold and eleven fiat-backed stablecoins, aiming to enhance on-chain trading efficiency and liquidity for non-USD currencies. The platform addresses challenges faced by existing automated market makers, promising improved capital efficiency and price discovery for liquidity providers and traders.
CryptoSlate
The Goldman Sachs Group, Inc. Visa Inc. BlackRock, Inc. PHL NZL COL SGP USA BRA JPN TUR Show more
Finance & Economy, Press Release
15:58 13.12.2024
switzerland suspends mfN clause in tax treaty with india impacting investments
Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025, following an Indian Supreme Court ruling that requires a notification for the MFN clause to apply. This decision could lead to higher taxes on dividends for Swiss companies operating in India and may jeopardize a $100 billion investment commitment under the European Free Trade Association (EFTA) deal. The Swiss government cited a lack of reciprocity in the DTAA as the reason for this significant shift in bilateral treaty dynamics.
The Indian Express
United States Dollar Swiss Franc Indian Rupee Euro Nestlé S.A. IND COL SVN LTU NOR CHE ISL LIE Amit Maheshwari Sandeep Jhunjhunwala Show more
Regulatory & Legal, Press Release
12:36 13.12.2024
comprehensive analysis of the global preventive healthcare market trends and insights
The Preventive Healthcare Market report provides a comprehensive analysis of industry dynamics, including market size, growth trends, and competitive landscape across various regions. It examines key factors such as technological advancements, market volatility, and emerging players, offering insights into strategic opportunities and challenges. The report also includes detailed profiles of leading manufacturers and forecasts production values, ensuring a thorough understanding of the market's future trajectory.
openPR.com
IND GBR ESP ITA SAU AUS NLD USA ARG IDN CAN COL ARE BRA ZAF DEU FRA MEX RUS KOR CHN JPN Show more
Healthcare, Market Report
14:15 09.12.2024
comprehensive analysis of ambulatory surgical centers market trends and opportunities
The Ambulatory Surgical Centers market report provides a comprehensive analysis of industry dynamics, including market size, growth trends, and competitive landscape across various regions. It examines key factors such as technological advancements, market volatility, and regulatory impacts, while offering insights into emerging players and strategic developments. The report also includes detailed profiles of leading companies, market forecasts, and potential growth opportunities within niche segments.
openPR.com
Chinese Yuan Indian Rupee United States Dollar Japanese Yen Euro IND GBR ESP ITA SAU AUS NLD USA ARG IDN CAN COL ARE BRA ZAF DEU FRA MEX RUS KOR CHN JPN Show more
Healthcare, Market Report
08:25 09.12.2024
Global Healthcare Analytics Market Set for Significant Growth by 2030
The global healthcare analytics market is poised for significant growth post-COVID-19, driven by increased venture capital investments and a focus on improving patient outcomes. Key segments include hardware, software, and services, with applications spanning financial, clinical, and operational analytics. Major players in the field include Allscripts, Cerner, and IBM, among others.
openPR.com
SAS Institute Inc. Wipro Limited COTIVITI, INC. Allscripts Healthcare LLC MedeAnalytics Inc. Vitreoshealth CitiusTech Inc. Optum, Inc IBM Health Catalyst, Inc. IMAT Solutions Cerner Corporation Inovalon McKesson Medical-Surgical Inc. Oracle Power plc TUN CHN MEX AUS NLD ARE TWN KOR COL AUT USA GBR ESP RUS ITA FRA ZAF MAR TUR BEL NZL ARG ISR SAU SGP QAT IND JPN POL BRA NGA CAN CHL DEU Craig Francis Vinay Rai Show more
Healthcare, Market Report
14:10 07.12.2024
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