Tax & Legal

Kategorien: Alle (8 gefunden)

1. 20. November 2024

   Family foundation as financial institution as defined in Sec ...

   In a most recent decision, the Supreme Tax Court held that the legal form of an institution is not relevant for the qualification as financial company within the meaning of Section 8b (7) sentence 2 of the Corporation Tax Act to be read in connection with Section 1 (3) of the German Banking Act. Therefore, a family foundation under private law can also be considered as finance institution if they are primarily engaged in financial activities.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...
2. 14. Juni 2023

   Commission takes further steps to boost investment for susta ...

   On 13 June 2023 the Commission has put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The package aims to support companies and the financial sector, while encouraging the private funding of transition projects and technologies.

   Kategorien: From Europe

   Schlagwörter: Sustainable Finance (SF), Financial Serv ...
3. 08. Juni 2023

   Council and Parliament: Provisional agreement on financial s ...

   On 6 June 2023 the EU-Council and the EU-Parliament have reached a provisional political agreement on the directive concerning financial services contracts concluded at a distance. The agreed text simplifies existing legislation, increases consumer protection, and creates a level playing field for financial services concluded online, via telephone or through other forms of remote marketing.

   Kategorien: From Europe

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...
4. 10. Oktober 2022

   ECJ: Financing services provided through sub-participation e ...

   According to the ECJ, financing provided to the originator under a sub-participation agreement is a VAT exempt transaction and complies with the exempt transactions listed Article 135(1)(b) of Council Directive 2006/112/EC (VAT Directive) concerning “the granting and the negotiation of credit and the management of credit by the person granting it”.

   Kategorien: European Court of Justice

   Schlagwörter: Credit, Financial Services (FS) / Finanz ...
5. 20. Dezember 2019

   Outsourcing finanancial services - VAT exemption

   Services are provided to a bank operating automated teller machines (ATMs) which consist of setting up and maintaining these machines, replenishing them with cash and equipping them with hardware and software for reading the cash card data, forwarding authorisation requests for cash withdrawals to the bank which issued the cash card used, making the desired cash withdrawal and registering withdrawal transactions are not tax exempt supplies with the meaning of Section 4 No. 8 letter d of the VAT Act. This was the finding of the Supreme Tax Court on 13 November 2019, published on 19 December 2019.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...
6. 08. Februar 2019

   European Court of Justice: Deductible input VAT of a branch ...

   In its judgment in Morgan Stanley (C-165/17) on 24 January 2019, the ECJ ruled on the ratio of deductible input tax in relation to the internal supplies of a French branch to its head office, a financial service provider in the UK.

   Kategorien: From Europe

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...
7. 24. Juli 2012

   Portfolio management services not exempt as banking

   The ECJ has held that portfolio management services provided by a bank do not fall under the investment dealing exemption, but are, as a financial service, taxable in the country of the non-business customer.

   Kategorien: From Europe

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...
8. 22. Mai 2012

   Portfolio management services chargeable to VAT?

   An ECJ advocate general has suggested the court hold the portfolio management services offered by banks to private customers are subject to VAT where the bank is resident, or in the state of residence of the customer if outside the EU.

   Kategorien: From Europe

   Schlagwörter: Financial Services (FS) / Finanzdienstle ...