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Search results for mfn

No impact of Swiss withdrawal of MFN status to India: Nestle India
4 days, 15 hours ago

No impact of Swiss withdrawal of MFN status to India: Nestle India

The Hindu  

Fast-Moving Consumer Goods major Nestle India on Thursday said the suspension of the MFN clause granted to India by Switzerland will have ‘no impact’ on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement is a policy issue between the government of India and Switzerland and is not ‘Nestle-specific’, the FMCG firm said in a statement. …

India Tax Switzerland Nestle Nestle India No Impact Dtaa
Mint Explainer: Why Switzerland withdrew MFN status in its tax treaty with India
1 week ago

Mint Explainer: Why Switzerland withdrew MFN status in its tax treaty with India

Live Mint  

Switzerland has suspended the Most-Favoured-Nation clause in its Double Taxation Avoidance Agreement with India, significantly altering the tax treatment of cross-border dividends. Switzerland has attributed this change to a 2023 Indian Supreme Court ruling in a case involving Nestle SA and others, which clarified that MFN clause benefits require explicit notification by the Indian government under the Income Tax Act, …

India Foreign Policy Tax Court Indian Pti Supreme
Switzerland withdraws India's 'most favoured nation' status: 2 key impacts
Trending News
1 week, 1 day ago

Switzerland withdraws India's 'most favoured nation' status: 2 key impacts

India Today  

Switzerland has withdrawn the most Favoured Nation status for India under their Double Taxation Avoidance Agreement, effective January 2025. This move stems from a 2023 Indian Supreme Court ruling involving Nestlé, a Swiss multinational, which clarified that MFN benefits under the treaty are not automatically triggered without proper notification by Indian authorities. Indian businesses must prepare for increased tax liabilities …

Tax Indian Dtaa Indian Businesses Mfn Favoured Nation Switzerland Withdraws
Why has Switzerland suspended 'Most-Favoured Nation' status to India?
Top News
1 week, 2 days ago

Why has Switzerland suspended 'Most-Favoured Nation' status to India?

Firstpost  

Switzerland has announced it will suspend the Most-Favoured Nation status granted to India under the double tax agreement treaty, effective January 1, 2025. The move is set to have far-reaching impact on Indian companies operating in Switzerland and Swiss investments in India The Most-Favoured Nation status is a term commonly used in international trade agreements to ensure that a country …

India Supreme Court Tax Court Indian Status Supreme
Switzerland India trade tax MFN: What does Switzerland’s halt of most favoured nation for India mean? EXPLAINED
1 week, 2 days ago

Switzerland India trade tax MFN: What does Switzerland’s halt of most favoured nation for India mean? EXPLAINED

Live Mint  

Following an adverse Supreme Court ruling against Nestle, Switzerland revoked the Most Favoured Nation status granted to India. Switzerland said in a statement that the MFN clause in the protocol to the agreement between the Swiss Confederation and the Republic of India to prevent double taxation about income taxes would no longer be applied. India's DTAA with Switzerland may require …

India Taxation Tax Indian Nation Switzerland Double
Switzerland Revokes MFN Status In Tax Treaty With India Following Nestle Verdict
Top News
1 week, 2 days ago

Switzerland Revokes MFN Status In Tax Treaty With India Following Nestle Verdict

ABP News  

Switzerland has taken unilateral action following the Supreme Court of India's ruling in the Nestle case, revoking India's "Most Favoured Nation" status under the Double Taxation Avoidance Agreement. The court ruled that the MFN clause between two countries does not automatically apply when a nation joins the Organisation for Economic Co-operation and Development, mainly when India already had a tax …

India Tax Switzerland Treaty Oecd Mfn Mfn Status
Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling
1 week, 2 days ago

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling

Hindustan Times  

Dividends of Indian entities will be taxed at 10% in Switzerland from January 1 as the European nation has suspended the most favoured nation clause in its Double Taxation Avoidance Agreement with India. REUTERS/Denis Balibouse In a December 11 statement, the Swiss finance department said the move follows a ruling by Supreme Court of India last year that the MFN …

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Switzerland cancels 'most favoured nation' status to India over Nestle ruling
Top News
1 week, 3 days ago

Switzerland cancels 'most favoured nation' status to India over Nestle ruling

India Today  

The Swiss government has suspended the most favoured nation status clause in the Double Taxation Avoidance Agreement between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. According to a December 11 statement by the Swiss finance department, the move follows the Supreme Court of India last …

India Tax Indian Cent Switzerland Swiss 10 Per Cent
Switzerland Revokes India’s MFN Status
1 week, 3 days ago

Switzerland Revokes India’s MFN Status

Deccan Chronicle  

Mumbai: Switzerland has suspended the Most-Favoured-Nation status granted to India that could lead to higher taxes on Indian companies operating in the European nation. Effective January 1, 2025, Indian companies operating in Switzerland will be subjected to a heightened withholding tax rate on income such as dividends and royalties generated in Switzerland. This decision follows a ruling by the Indian …

India Tax Indian Mfn Switzerland Revokes
Switzerland withdraws MFN status from India
1 week, 3 days ago

Switzerland withdraws MFN status from India

The Hindu  

In a development that could hurt India’s investment climate and affect firms’ international taxation math, Switzerland has decided to suspend the Most Favoured Nation treatment for India under the two countries’ 30-years old double-taxation avoidance agreement, citing an October 2023 ruling against its validity by the Supreme Court on 11 petitions that were combined with a Nestle plea. Terming this …

India Tax Indian Switzerland Swiss Treaty Srivastava
Switzerland withdraws tax MFN status on Indian companies over SC ruling on Nestle
1 week, 4 days ago

Switzerland withdraws tax MFN status on Indian companies over SC ruling on Nestle

New Indian Express  

NEW DELHI: In a retaliatory action, the government of Switzerland has withdrawn the application of the Most Favoured Nation clause on Indian entities operating in the European country. The Swiss authorities took the action after the Supreme Court of India rejected automatic applicability of MFN clause under the bilateral tax treaty between the two countries in a case related to …

Tax Indian Indian Companies Switzerland Swiss Nestle Clause
Switzerland suspends 'Most Favoured Nation' status to India over Nestle verdict
Top News
1 week, 4 days ago

Switzerland suspends 'Most Favoured Nation' status to India over Nestle verdict

India TV News  

The government of Switzerland has suspended the most favoured nation status clause in the Double Taxation Avoidance Agreement between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. According to a statement made on December 11 by the Swiss finance department, the move follows the Supreme Court …

India Indian Status Cent Swiss 10 Per Cent Nestle
Five years after the Pulwama terror strike
10 months, 1 week ago

Five years after the Pulwama terror strike

Hindustan Times  

Today is the fifth anniversary of the Pulwama terror attack. The attack was followed by a punitive strike by the Indian Air Force on a terrorist training facility, a non-military target in Pakistan, across the international border in the early hours of February 26, 2019. Diplomatic relations nosedived since the Pulwama attack with India withdrawing Most Favoured Nation status to …

India Military Pakistan Air Attack Pulwama Iaf
Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

India Labor China According
Puja Tomar becomes first Indian woman to land UFC contract
1 year, 2 months ago

Puja Tomar becomes first Indian woman to land UFC contract

The Hindu  

Pro-MMA fighter Puja Tomar will become the first Indian woman to land a contract with the UFC, the biggest Mixed Martial Arts promotion in the world, the 28-year-old confirmed on Tuesday. The reigning Matrix Fight Night strawweight champion took to Instagram to announce the landmark feat and said that the UFC contract was facilitated by the backing of MFN and …

India Puja Indian Fight Ufc Mfn Ufc Contract
Matrix Fight Night: Legendary UFC referee Herb Dean to officiate at MFN 13
1 year, 2 months ago

Matrix Fight Night: Legendary UFC referee Herb Dean to officiate at MFN 13

The Hindu  

Legendary international MMA referee Herb Dean will join the team of officials and will be one of the referees for Matrix Fight Night 13, the mixed-martial arts promotion announced on Tuesday. Dean has also officiated in other major promotions over the years, including Professional Fighters League, One Championship, and Bellator, among others. Herb Dean has been doing this for decades …

Fight Referee Ufc Dean Mma Herb Mfn
Matrix Fight Night HIGHLIGHTS: Puja beats Anastasia to retain strawweight title; Machaev vs Azizov ruled no contest in MFN 12
1 year, 5 months ago

Matrix Fight Night HIGHLIGHTS: Puja beats Anastasia to retain strawweight title; Machaev vs Azizov ruled no contest in MFN 12

The Hindu  

Hello and welcome to Sportstar’s highlights of the Matrix FIght Night, happening at the Noida Indoor Stadium in Uttar Pradesh. A rather uneventful round comes to an end but Puja will be the happier among the two as she has inflicted enough damage to the Russian’s legs, that are visibly bruised Round 1: This is the first all women fight …

India Russia Puja Indian Title First Round Fight
A gym trainer to India's biggest MMA prospect: Angad Bisht takes the road less traveled
1 year, 5 months ago

A gym trainer to India's biggest MMA prospect: Angad Bisht takes the road less traveled

Hindustan Times  

“My legs were trembling, there was adrenaline rush but I was a bit hesitant,” described Angad Bisht as he recalled getting ready for his first MMA fight, which was in New Delhi almost a decade ago. Actor Tiger Shroff with MMA fighter Angad Bisht Angad like many others thought of pursuing medical and despite doing decent in the competitive exams …

India Fight Brazil Mma Fighter Angad
India announces Ju-Jitsu squad for Asian Games 2023
1 year, 5 months ago

India announces Ju-Jitsu squad for Asian Games 2023

The Hindu  

India will make its Asian Games debut in Ju-Jitsu during the 19th edition of the continental event in Hangzhou, China, in September. The Ju-Jitsu Association of India has approved a 16-member team for a discipline that will make its second consecutive appearance at the Games after its debut in the 2018 edition in Jakarta. We have also considered the recent …

India Jai
India to remove additional customs duties on eight US products
1 year, 5 months ago

India to remove additional customs duties on eight US products

India TV News  

India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said. India, US agree to end six trade disputes The two countries …

India Cent Additional Steel Products Customs Duties Us Products
CCI Not In Favour Of Most-Favoured Nation Clauses: A Case For Intermediation Platforms
1 year, 10 months ago

CCI Not In Favour Of Most-Favoured Nation Clauses: A Case For Intermediation Platforms

Live Law  

In the last year, the Competition Commission of India came down heavily on the digital sector, with it passing orders against Google, MakeMyTrip and OYO and imposing hefty fines on them. The CCI concluded that the PPCs imposed by MMT-Go on the hotel partners adversely affected the relevant market by way of softening price competition across platforms, thereby giving rise …

Market Case Platforms Oyo Cci Obligations Imposed
Online platforms may have to rethink their parity deals
1 year, 11 months ago

Online platforms may have to rethink their parity deals

Live Mint  

There were many interesting developments in the antitrust space last year, including two reports by a parliamentary panel—one on proposed amendments to the Indian competition law, and the other on a new Digital Competition Act to regulate anti-competitive practices of digital gatekeepers. Retail MFN clauses are broadly of two types: Wide MFN clauses, restricting better terms on the seller’s own …

Competition Indian Platforms Dca Oyo Cci Mmt
MFN 10: Sanjeet Budhwar, Atabek Abdimitalipov Bout Headlines Dubai Event
2 years, 1 month ago

MFN 10: Sanjeet Budhwar, Atabek Abdimitalipov Bout Headlines Dubai Event

News 18  

Tensions were palpable at Palazzo Versace, Dubai, on Thursday as India’s rising mixed martial arts star Sanjeet Budhwar came face-to-face with Kazakhstan’s Atabek Abdimitalipov ahead of their highly-anticipated bout at Matrix Fight Night 10. The stage is set for another exciting and action-packed edition of Matrix Fight Night as India’s biggest MMA promotion is set to host its 10th edition …

India Title Fight Ind Usa Dubai Mixed Martial Arts
Matrix Fight Night 10 Set to Return to Dubai With Four Title Fights on November 18
2 years, 1 month ago

Matrix Fight Night 10 Set to Return to Dubai With Four Title Fights on November 18

News 18  

After two editions of thrilling mixed-martial arts action in New Delhi, Matrix Fight Night, India’s biggest MMA promotion is set to return to Dubai, UAE – this time, bigger and better. Matrix Fight Night 10, which is sanctioned by the All India Mixed Martial Arts Association, India’s Largest and Oldest Governing body for Mixed Martial Arts, and the Global Authority …

India Title Fight Ind Usa Dubai Night