Denmark exempts foreign charities from dividend withholding tax from 2023
Denmark exempts foreign charities from dividend withholding tax from 2023 15 DECEMBER 2021 | TAX NEWS On 2 December 2021, the European Commission decided to close infringement proceedings against Denmark regarding the taxation of dividends paid to charitable organizations. Infringement proceedings were initiated in May 2020 asking Denmark to amend its
European Commission opens public consultation on initiative to introduce a common EU-wide system for withholding tax on dividend or interest payments
European Commission opens public consultation on initiative to introduce a common EU-wide system for withholding tax on dividend or interest payments 29 SEPTEMBER 2021 | TAX NEWS On 28 September, 2021 the European Commission opened a public consultation on its initiative to introduce a common EU-wide system for withholding tax on dividend or interest payme
Argentina extends reduction of dividend withholding tax rate
Argentina extends reduction of dividend withholding tax rate. SEPTEMBER 28, 2021 | TAX NEWS On 26 September 2021, the Federal Public Revenue Administration of Argentina decided in General Resolution 5060/2021, that the temporary reduction of the withholding tax rate on dividends (from 13% to 7%) that took effect on 1 januari 2018 will be extended. […]
New treaty between Serbia and Singapore offers exemption from Serbia dividend withholding tax for dividends to the Government of Singapore
New treaty between Serbia and Singapore offers exemption from Serbia dividend withholding tax for dividends to the Government of Singapore AUGUST 23, 2021 | TAX NEWS A new tax treaty between Serbia and Singapore will enter into force 1-1-22. It will offer an exemption from Serbia dividend withholding tax for dividend payments to the Government […]
United Arab Emirates – Austria Protocol introduces dividend tax exemption for sovereign wealth funds
United Arab Emirates – Austria Protocol introduces dividend tax exemption for sovereign wealth funds JULY 27, 2021 | TAX NEWS On July 1st, a Protocol to the tax treaty between Austria and the United Arab Emirates was signed that will introduce a withholding tax exemption for dividends paid to a beneficial owner that is […]
Life insurance companies entitled to refund of French dividend withholding tax
Life insurance companies entitled to refund of French dividend withholding tax JUNE 15, 2021, 2021 | TAX NEWS On May 11th, 2021, the French Supreme Court (Conseil d’État) ruled that UBS Asset Management Life Ltd (a UK life insurance company) is entitled to a refund of French dividend withholding tax if indeed, as argued by […]
Germany centralizes filing of free movement of capital based German dividend tax reclaims
Germany centralizes filing of free movement of capital based German dividend tax reclaims MAY 28, 2021 | TAX NEWS On May, 28th the German Parliament accepted a proposal to centralize the filing of dividend withholding tax reclaims based on the free movement of capital (also commonly referred to as “ECJ claims” or “Fokus Bank claims”). […]
EU prepares for new EU wide withholding tax system
EU prepares for new EU wide withholding tax system MAY 26, 2021 | TAX NEWS Cross-border investment and simplified taxation are a priority for the EU. However, despite the measures taken (according to the European Commission) to remove (withholding) tax barriers to cross-border investment, obstacles remain in the EU. For a discussion on these obstacles, [&h
Dutch Supreme Court closes door on refund of Dutch dividend withholding tax to foreign investment fund
Dutch Supreme Court closes door on refund of Dutch dividend withholding tax to foreign investment fund APRIL 9, 2021 | TAX NEWS On April 9th, 2021, the Dutch Supreme Court decided that foreign investment funds are not entitled to refund of Dutch dividend withholding tax based on the free movement of capital (art 63 EU […]
Spanish Supreme Court: Norwegian sovereign wealth funds entitled to refund of Spanish DWT based on free movement of capital
Spanish Supreme Court: Norwegian sovereign wealth funds entitled to refund of Spanish DWT based on free movement of capital MARCH 22, 2021 | TAX NEWS On March 2nd, 2021, the Spanish Supreme Court ruled that Spain violates the European free movement of capital (art 63 EU Treaty and art 40 EEA Agreement) by not refunding […]