Tax & Legal

In a most recent judgment, the European Court of Justice held that the ban on the export of banknotes denominated in euro or in another official currency of a Member State to Russia also applies when the money is intended to finance medical treatments.

The ECJ has held that immediate taxation of the difference between book and market value of assets moved to another member state goes beyond what is necessary to preserve the legitimate interests of the first state in preserving its tax base if the same move within the country would be tax-free.