In a judgment dated November 22, the Court of Justice of the European Union ( CJEU) ruled that the currently-applicable French withholding tax scheme applicable to loss-making parent companies disregards EU rules requiring the free movement of capital. This...
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On 24 August 2018, the Polish Ministry of Finance published a bill amending the WHT mechanism in Poland (‘the Bill’). On 4 October 2018, Poland’s lower house of parliament completed its first reading of the Bill. The Bill is...
Following a fierce political and public debate, the Dutch government on October 15 announced that it would no longer recommend abolishing the Dutch dividend withholding tax. At the same time, the Dutch government amended previous proposals that are part...
Asset managers must address tax-reclaim scandal
On 20 September 2018, the Court of Justice of the European Union (CJEU) issued its judgment in EV (C-685/16). The underlying question of the case was whether the “activity clause” in the German trade tax act for third country...
The Court of Justice of the European Union (ECJ) has ruled in a case brought by Fidelity Funds that Denmark’s withholding tax on dividends paid to non-resident funds is invalid. A State may not impose withholding tax on dividends...
In a recent study carried out by the European Commission, yet to be published, it was identified that a large number of EU Member States differentiate between resident and non-resident pension funds when it comes to the taxation of...
Globe Refund is delighted to announce that the company have successfully obtained the refund of the withholding tax on UK interest for a Luxembourg loan fund. That’s a very good news for all the EU funds investing in...
The Danish National Tax Board has decided to allow institutional investors to take full advantage of the double taxation treaties. Globe Refund informs that the common contractual funds, a tax-transparent fund structure, offers sustainability and the cost efficiency of...
Launch of online tax filing system In 2017, the Norwegian tax authorities (COFTA) introduced ‘Altinn’, a new web portal designed to enable electronic filing and exchange between tax payers and the tax administration. The use of this portal is...