New Treaty between Luxembourg and United Kingdom
The United Kingdom and Luxembourg signed a new tax treaty on June 7 2022 10 June, 2022 | TAX NEWS The treaty still needs to be ratified before it will enter into force. Protocol and CIVs What is interesting is that in article 2 of the Protocol, the definition of resident is extended to include […]
Spanish National High Court confirms foreign sovereign wealth fund entitled to refund of Spanish withholding tax
Spanish National High Court confirms sovereign fund entitled to refund of withholding tax 24 May, 2022 | TAX NEWS The Spanish National High Court recently published its decision that a sovereign wealth fund has the right to obtain a refund of dividend withholding taxes imposed on dividend income derived from its investments in Spain. The claimant, [&helli
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 13 APRIL, 2022 | TAX NEWS On 13 April, 2022 the European Commission opened a public consultation on its initiative to introduce a common EU-wide system for withholding tax on dividend or interest payments. [&
ECJ rules that by limiting its exemption from tax on investment income to contractual investment funds, Finland violates the free movement of capital (case C‑342/20)
ECJ rules that by limiting its exemption from tax on investment income to contractual investment funds, Finland violates the free movement of capital (case C‑342/20) 10 APRIL, 2022 | TAX NEWS Executive summary A SCPI, a French société civile de placement immobilier à capital variable (variable-capital property investment company) invests in immovabl
EC requests GERMANY to bring its rules on taxation of dividends and interest paid to charities in line with EU law
EC requests GERMANY to bring its rules on taxation of dividends and interest paid to charities in line with EU law 8 APRIL, 2022 | TAX NEWS The Commission announced in its april 2022 infringement package that it decided to send a letter of formal notice to Germany requesting it to amend its legislation regarding […]
EU parliament adopts recommendations withholding tax reform
EU parliament adopts recommendations withholding tax reform 14 MARCH 2022 | TAX NEWS The European Parliament voted on 10 March 2022 to adopt two reports containing recommendations on reforming withholding taxes and simplifying tax systems in the EU. Members welcomed the Commission’s intention to present, by the end of 2022, a proposal establishing a com
France publishes new list of public entities subject to French financial transaction tax
French tax authorities publish new list of public entities suject to France’s financial transaction tax 28 JANUARI 2022 | TAX NEWS France has published the new list of French public companies that are subject to its financial transaction tax. Only companies with a market capitalization of EUR 1 billion or more are covered by the […]
European Commission urges Sweden to amend its rules on taxation of dividends to non-resident public pension institutions
Commission urges Sweden to amend its rules on taxation of dividends to non-resident public pension institutions 6 JANUARY 2022 | TAX NEWS After the European Commission had formally requested Sweden to stop applying a higher dividend withholding tax to foreign pension institutions and insurance companies respectively in its February 2021 infringement pack
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 releases roadmap to a common EU-wide system for withholding tax on dividend or interest payments
European Commission releases a roadmap to 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 released its roadmap to a common EU-wide system for withholding tax on dividend or interest payments. The problem this initiative aims to tackle is […]