AUGUST 26, 2025 • 5 minute read
CJEU Ruling in Case C-602/23: CJEU says Austria may deny refund if income is taxed at investor level
In a decisive judgment rendered on 30 April 2025 in Finanzamt für Großbetriebe v. Franklin Mutual Series Funds – Franklin Mutual European Fund (C-602/23), the Court of Justice of the European Union (CJEU) provided clarity on the treatment of foreign investment funds under Austrian withholding tax law.