Tax blow to Swiss arms of India Inc
Financial Express Lucknow|December 14, 2024
AT PRESENT, THE MFN clause in the DTAA enables Indian subsidiaries in Switzerland to pay a lower rate of withholding tax to Swiss authorities on certain types of incomes, namely dividends, interest, royalties, or fees for technical services.

The India-Switzerland DTAA was last amended in 2010. The Swiss authorities feel that their interpretation of the treaty is not shared by the Indian counterparts. "In the absence of reciprocity, it therefore waives its unilateral application with effect from 1 January 2025," a statement by Switzerland's Federal Department of Finance said.

هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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