Swiss MFN status suspension poses tax challenges for Indian firms, may hit inbound investments
Published in ETCFO | December 2024
Avnish Arora, Executive Director, Direct Tax at Forvis Mazars in India, commented, "From a broader perspective, tax on dividend income earned by an Indian company from the Switzerland entity is higher than the debatable tax rate of 5% or 10%, which is further supported by FTC benefit in India; such a unilateral move by Swiss authorities is likely to have a limited impact on tax residents of India".