{
}
India plans to abolish a 6% equalisation levy on online services, including advertising, as part of amendments to the Finance Bill 2025. This decision, influenced by US concerns and potential trade sanctions, aims to alleviate trade tensions with the US tech giants like Google, Meta, and Amazon. The amendment is expected to pass in parliament this week.
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, 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 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.
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 operating in Switzerland. This decision may lead to similar actions from other countries, as it highlights concerns over reciprocity in tax treatment.
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.
Switzerland has suspended the most favoured nation (MFN) status for India under their tax treaty, effective January 1, 2025, following a Supreme Court ruling that affects the enforcement of the Double Taxation Avoidance Agreement (DTAA). This change will result in higher withholding taxes for Indian companies operating in Switzerland, particularly impacting firms like Nestle. The Swiss authorities cited a lack of reciprocity in tax treatment as the reason for this decision, which may prompt other countries to adopt similar measures.
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.
Amit Maheshwari
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
India to eliminate digital levy on online services amid trade tensions
07:00 26.03.2025
Switzerland suspends most favoured nation status for India over tax treaty ruling
07:45 14.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling
02:44 14.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling on Nestle
United States Dollar
Swiss Franc
Indian Rupee
Nestlé S.A.
CHE
LTU
IND
COL
Amit Maheshwari
Ajay Srivastava
Show more
00:38 14.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling
United States Dollar
Swiss Franc
Indian Rupee
Nestlé S.A.
IND
Amit Maheshwari
Ajay Srivastava
Show more
19:36 13.12.2024
Switzerland suspends MFN status for India impacting tax on dividends
United States Dollar
Swiss Franc
Indian Rupee
Nestlé S.A.
CHE
LTU
IND
COL
Amit Maheshwari
Sandeep Jhunjhunwala
Show more
19:17 13.12.2024
Switzerland suspends MFN status for India following court ruling on taxes
14:35 13.12.2024
switzerland suspends mfN clause in tax treaty with india impacting investments
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
12:36 13.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
Industry Mergers & Acquisitions
Startups & Entrepreneurship
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Domestic Politics
Market Analysis and Predictions
Workplace Trends
Government Policies
Supply Chain Management
GDP Growth & Recession Forecasts
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
Jenoptik AG
Air France-KLM
Amazon.com, Inc.
NVIDIA Corporation
Infineon Technologies AG
Banco BPM S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: