Switzerland has withdrawn the most-favored-nation clause for India under their double tax avoidance agreement. This comes after a 2023 Indian Supreme Court ruling against Nestle, impacting Indian companies invested in Switzerland. Dividend tax will rise from 5% to 10% starting January 1, 2025, potentially reducing their competitiveness and prompting other nations to follow suit.
Switzerland revokes MFN status to India over SC Nestle order
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