TaxPolicy Archives - Universal Group Of Institutions

14Dec 2024

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EconomicUpdates FinanceNews GlobalEconomy GlobalTaxation InternationalTaxation MFNClause PolicyChanges SwitzerlandTax TaxAgreements TaxPolicy
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Switzerland Suspends MFN Clause in Tax Agreement

Why in the news? Switzerland suspended the MFN clause in its DTAA with India, citing lack of reciprocity. Effective January 2025, this move could lead to higher taxes on dividends, impacting investments and businesses between the two countries. Suspension of MFN Clause in Tax Agreement: Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double …

05Dec 2024

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AppealsBacklog FinancialPlanning PendingAppeals TaxMatters TaxpayerRights TaxPolicy TaxRefundDelays TaxRefundIssues TaxSystemReforms
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Tax Refund Delays Due to Pending Appeals Backlog

Why in the news? Delays in income tax refunds are linked to a backlog of 580,000 pending tax appeals. The government’s adjustment of refunds against old tax demands is causing financial strain for taxpayers, despite ongoing reforms in the appeals process. Reasons Behind Tax Refund Delays: Pending Tax Appeals: The delay in tax refunds is …

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Switzerland Suspends MFN Clause in Tax Agreement

Tax Refund Delays Due to Pending Appeals Backlog