Categories: Tax & Legal Newsflash (30 found)

  1. 20.12.2024

    Tax & Legal Newsflash

    On December 19, 2024, the European Court of Justice (CJEU) held, that it breaches the free movement of capital under Art. 63 TFEU, if WHT is refunded only to residents being in a loss-making position whereas a refund is not granted to non-residents being in a foreign loss-making position (case C-601/23, Credit Suisse Securities (Europe) Ltd. vs. Diputación Foral de Bizkaia). This judgment confirms, on the hand, the validity of the decision in the Sofina case (C-575/17, November 22, 2018) for which it was unclear whether it established general principles of CJEU jurisprudence for the future. On the other hand, the current judgment extends the Sofina principles to cases where WHT is also withheld on dividends paid to domestic recipients.

    Categories: Legislation, Tax & Legal Newsflash
    Keywords: Gesetzgebung, legislation
  2. 09.12.2024

    German Pillar 2 Tax Amendment Act published

    On 5 December 2024, the Federal Ministry of Finance published a second draft of the German Pillar 2 Tax Amendment Act (hereinafter referred to as “the draft act”) for feedback by 31 January 2025 as part of the consultation process. In addition to the aspects already included in the first draft [Newsflash, March 21, 2023], this second draft includes further amendments – inter alia – by implementing the OECD Administrative Guidance from June 2024. Furthermore, the draft act foresees that other provisions concerning international taxation are to be repealed. These include inter alia the license barrier rule under Sec. 4j of the German Income Tax Act, a rule foreseeing the non-deduction of so-called special business expenses according to Sec. 4i German Income Tax Act and the CFC taxation rule ...

    Categories: Legislation, Tax & Legal Newsflash
    Keywords: Gesetzgebung, Pillar Two
  5. 21.03.2023

    Tax Insights from Global Structuring - Germany publishes Pil ...

    The Federal Ministry of Finance (MoF) published a draft law on March 20, to implement the ‘Pillar Two’ Directive ensuring a global minimum taxation for multinational groups and large domestic groups in the European Union (so-called Minimum Tax Directive Implementation Act - MinBestRL-UmsG). The publication of the German draft law follows the formal adoption by the EU Council to adopt Pillar Two on December 15, 2022.

    Categories: Legislation, Tax & Legal Newsflash
    Keywords: Gesetzgebung, EU-Recht, Pillar Two
  8. 28.03.2022

    Compliance-Trap in International Insurance Programs

    We have been noticing an increased number of notifications to the Federal Central Tax Office during tax audits for the failure by German subsidiaries and permanent establishments to declare and pay over German Insurance Premium tax on premiums paid by a foreign group entity to an insurer domiciled outside the EU or EEA. This can prove very costly.

    Categories: Tax & Legal Newsflash
    Keywords: secondary liability, tax audit, insuranc ...
  10. 09.11.2021

    Tax & Legal Newsflash - Italy issues draft circular on hybri ...

    The Italian Tax Authorities (ITA) launched, on October 18, a public consultation on the draft interpretative Circular Letter (the ‘Draft Circular’), which, at 111 pages, covers the application of the hybrid mismatch arrangements rules (the ‘Hybrid Rules’) as governed by Legislative Decree 142/2018 (the ‘ATAD Decree’) that implements the ATAD Directives through domestic italian legislation.

    Categories: Tax & Legal Newsflash
    Keywords: Steuern / Tax
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Björn Viebrock

Björn Viebrock

Partner
Düsseldorf

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