News & Media 16th Dec 2024
The tax liability of several Indian companies, which have operations in Switzerland, including bellwether IT and pharma firms, may rise with the central European country announcing a decision to increase the withholding tax on dividends their Swiss arms pay to Indian parents under the ‘source rule’, from 5% to 10%, effective January 2025.
To encapsulate on this, Financial Express (India)’s Priyansh Verma writes on “Tax hit to top Indian firms from new Swiss rule” with insights from our Partner Rahul Charkha.
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