Denmark proposes dividend withholding tax for foreign government investors
Denmark proposes dividend withholding tax for foreign government investors 29 September, 2022 | TAX NEWS Denmark proposes a dividend withholding tax for foreign governments (in a multi-facetted tax bill on September 23rd, 2022). Whereas foreign government and foreign government body investors are currently eligible for a full exemption (or refund) of Danis
Dutch tax authorities claw back millions in ECJ reclaims
Dutch tax authorities claw back millions in ECJ reclaims 21 September, 2022 | TAX NEWS Dutch tax authorities to claw back millions in ECJ reclaims. Last week, the Dutch tax authorities have started a large scale re-examination of foreign pension funds’ entitlement to reclaims of Dutch dividend withholding tax based on the free movement of […]
Taiwan lifts FINI withholding tax statement requirement
Taiwan lifts FINI withholding tax statement requirement 9 September, 2022 | TAX NEWS Taiwan lifts FINI withholding tax statement requirement. The Taiwanese Ministry of Finance issued a statement on September 2nd, 2022 saying that the procedure for a Foreign Institutional Investor (FINI) to provide the withholding tax statement when applying for a refund of
Cum-ex transactions explained
Cum/ex transactions explained 31 August, 2022 | TAX NEWS On August 31st, 2022, the Financial Times reported that JPMorgan’s Frankfurt’s office was raided by German prosecutors as part of a probe into the multibillion dollar cum/ex scandal. After Barclays, Bank of America, and MorganStanley, JPMorgan is the fourth bank to be raided by the Germ
EU wide withholding tax system: European Commission public consultation summary report
European Commission publishes summary report on its public consultation on an EU wide withholding tax system 8 August, 2022 | TAX NEWS On August 4th, 2022, the European Commission published its summary report on the public consultation on its proposed EU wide withholding tax system. The report can be seen by clicking here. The problem […]
New Luxembourg and United Kingdom tax treaty signed
New Luxembourg – United Kingdom tax treaty signed 10 June, 2022 | TAX NEWS The United Kingdom and Luxembourg signed a new Protocol to the tax treaty on June 7 2022. The Protocol still needs to be ratified before it will enter into force. Protocol and CIVs What is interesting is that in article 2 […]
Luxemboug fund entitled to Spanish withholding tax refund
Luxemboug investment fund entitled to Spanish withholding tax refund 24 May, 2022 | TAX NEWS Luxembourg investment fund entitled to Spanish dividend withholding tax refund based on free movement of capital. The Spanish National High Court recently published its decision that a Luxembourg collective investment fund (Fidelity) is entitled to a refund of Spa
Public consultation on common EU withholding tax system
European Commission opens public consultation on common EU withholding tax system 13 APRIL, 2022 | TAX NEWS A common EU-wide system for withholding tax. 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. The problem this [&hellip
Finland withholding tax exemption for foreign investment funds
Finland must exempt foreign contractual investment funds from withholding tax based on free movement of capital (case C‑342/20) 10 APRIL, 2022 | TAX NEWS Finland must exempt foreign investment funds from withholding tax based on free movement of capital, the European Court of Justice rules. Executive summary “A SCPI”, a French société civ
European Commission requests GERMANY to bring its withholding tax in line with EU law
European Commission requests GERMANY to align its withholding tax on foreign charities with EU law 8 APRIL, 2022 | TAX NEWS European Commission requests Germany to align its withholding tax on foreign charities in with EU law. The European Commission announced in its april 2022 infringement package that it decided to send a letter of […]