Switzerland’s suspension of the Most-Favored-Nation (MFN) status under its tax treaty with India, effective January 2025, will raise withholding tax on dividends from 5% to 10%. Experts note the move could affect cash flow for Indian businesses but emphasize that tax credits under the Double Taxation Avoidance Agreement (DTAA) will mitigate financial impacts, offering India an opportunity to reassess its tax strategies.