Switzerland Ends India’s MFN Status Over Nestle Verdict

Switzerland revoked India’s Most Favoured Nation (MFN) status under the Double Taxation Avoidance Agreement following a 2023 Supreme Court ruling on the Nestle case. The decision increases dividend tax rates from 5% to 10% starting January 2025, impacting Indian firms operating in Switzerland. Experts view this move as retaliation, highlighting challenges in international tax treaties.