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Switzerland has withdrawn the 'most favoured nation' status from India under the Double Taxation Avoidance Agreement, following a Supreme Court ruling that imposed a higher tax rate on Nestle. This move raises concerns about the credibility of India's commitments to foreign investors, especially as the Trade and Economic Partnership Agreement with EFTA is set for ratification. Indian officials suggest that the TEPA may take precedence over the DTAA, indicating potential renegotiations ahead.
Younger investors are increasingly drawn to alternative asset classes, with equity comprising up to two-thirds of their portfolios, according to Umang Papneja, CEO of Julius Baer India. In market movements, the BSE benchmark index rose by 623.07 points (0.76%) this week, while the Nifty gained 90.5 points (0.36%). Key market triggers for the upcoming week include the US Fed's policy decisions, foreign fund inflows, and global cues, with experts predicting the Nifty may test the 25,000 level.
Effective January 1, 2025, the Swiss government's suspension of India's Most Favored Nation (MFN) status may increase tax liabilities for Indian entities in Switzerland. This move highlights the complexities of international tax treaties as countries like India adopt stricter interpretations to safeguard domestic revenues. It emphasizes the need for treaty partners to align on tax treaty interpretations to ensure stability and predictability in the global tax framework.
Switzerland has revoked India's Most Favored Nation (MFN) status following an Indian Supreme Court ruling related to Nestle, leading to a higher withholding tax of 10% on dividends for Indian companies starting January 1, 2025. This decision marks a significant shift in the bilateral treaty dynamics and could impact Indian firms in Switzerland and Swiss investments in India. India plans to renegotiate the Double Taxation Avoidance Agreement with Switzerland in light of this development.
The Global Bromhexine Tablet market is projected to grow from USD 875.5 million in 2023 to USD 1,131.7 million by 2032, with a CAGR of 3.7% from 2024 to 2032. This growth is driven by the rising prevalence of respiratory disorders and increasing demand for expectorants. Key players include Sanofi, Teva, and Boehringer Ingelheim, with market segmentation covering applications, types, and distribution channels across various regions.
Switzerland will suspend the Most Favoured Nation (MFN) status in its Double Taxation Avoidance Agreement with India, effective January 1, 2025, following a 2023 Indian Supreme Court ruling. This decision will revert the withholding tax on dividends from Swiss entities to 10%, impacting Swiss investments and increasing tax liabilities for Indian companies with Swiss subsidiaries. Legal experts warn that this shift underscores the complexities of international tax treaties and may deter future Swiss investments in India.
Switzerland has revoked the Most Favoured Nation (MFN) status for India, effective January 1, 2025, following a Supreme Court ruling related to Nestle. This change, stemming from a disagreement over the interpretation of the Double Tax Avoidance Agreement, will increase tax on dividends for Indian firms, raising the rate from 5% to 10% for income earned post-2024, while prior earnings remain unaffected.
Switzerland has revoked India's "Most Favoured Nation" status under the Double Taxation Avoidance Agreement following a Supreme Court ruling regarding the Nestle case. The court clarified that the MFN clause does not automatically apply when a country joins the OECD, impacting Indian companies in Switzerland and Swiss investments in India.
Switzerland has revoked the most favoured nation (MFN) status for India, following a Supreme Court ruling that deemed the MFN clause inapplicable without proper notification. Starting January 1, 2025, Indian entities will face a higher withholding tax on income generated in Switzerland, with dividends taxed at 10%, up from 5%. This decision reflects a significant shift in bilateral tax treaty dynamics and may increase tax liabilities for Indian companies operating in Switzerland.
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.
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