Switzerland suspends MFN status for India under DTAA
Switzerland has suspended the most favoured nation (MFN) status granted to India following an adverse court ruling against Nestle. This means increased tax liabilities for Indian entities operating in Switzerland. From January 1, Indian companies will be subject to a higher withholding tax on income generated in Switzerland. tax demand on mncs The decision follows […]
EFTA countries focus on green tech in trade deal with India; dairy, agri out of ambit
With a historic trade deal signed between India the European Free Trade Association (EFTA), all member countries are looking to deepen trade links and benefits for respective citizens and companies. India is expected to get $100 billion in investment from the EFTA countries in the next 15 years under the Trade and Economic Partnership Agreement […]
Switzerland to become a net importer of cheese this year
Switzerland will import more cheese than it exports this year for the first time, according to the head of the country’s dairy association. The opening up of the Swiss milk market has put a squeeze on domestic producers in recent years, prompting some to give up, Boris Beuret told Geneva-based newspaper Le Temps in an […]