Switzerland and India entered into a Double Taxation Avoidance Agreement (DTAA) on 2 November 1994, with subsequent amendments through protocols on 16 February 2000, and 30 August 2010. Notably, the amending protocol of 30 August 2010 introduced a Most Favoured Nation (MFN) Clause, which ensures that any reduction in tax rates on dividends, interest, royalties, or fees for technical services under any later treaty entered between India and an OECD member state would also apply retroactively to the India-Switzerland DTAA.
