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Switzerland has withdrawn the Most Favoured Nation (MFN) status granted to India following a Supreme Court ruling affecting Nestlé and other companies. Nestlé India stated that this decision will not impact its operations, as it has been deducting a 10% withholding tax. The Swiss authorities noted that the ruling highlighted a lack of reciprocity regarding the Double Taxation Avoidance Agreement, leading to higher tax demands on dividends for Swiss and other multinational companies.
Kamal Narang
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
switzerland withdraws mf n status for india but nestle india unaffected
11:09 18.12.2024
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