Tax blow to Swiss arms of India Inc
Financial Express Kolkata|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.

この記事は Financial Express Kolkata の December 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Kolkata の December 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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