The Swiss authorities, in an official statement dated December 11, declared that the MFN clause under the DTAA will cease to be effective from January 1, 2025. This action follows the Indian Supreme Court's interpretation that the MFN clause does not automatically trigger without specific notification under the Income Tax Act.

Switzerland suspends MFN treatment for India under DTAA, but it won't impact EFTA trade deal or Swiss investments.

Switzerland has announced it will suspend the Most-Favoured Nation (MFN) status granted to India under the double tax agreement treaty, effective January 1, 2025. The move is set to have far-reaching

The Swiss government has suspended the most favoured nation status (MFN) clause in the Double Taxation Avoidance Agreement (DTAA) between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation.

Explained: What is the most favoured nation clause and why did Switzerland suspended it for India after the Nestle's 2023 Supreme Court ruling