Switzerland revokes MFN status to India over SC Nestle order
NEW DELHI: Retaliating against a 2023 Supreme Court ruling related to Nestle, Switzerland has withdrawn the most-favoured-nation clause to India under the double tax avoidance agreement, a move that will hit Indian companies invested in the European nation.“For dividends due from and including Jan 1, 2025, the residual tax rate in the source State is […]