Tax & Legal

Categories: All (2 found)

1. 30.10.2013

   Global estimate of taxable income from foreign fund inhibits ...

   The Supreme Tax Court has laid a preliminary question before the ECJ on whether the provision setting the taxable income derived from an investment in a non-compliant foreign fund at 90% of the increase in the unit redemption price during the year is to be disapplied as a restriction on the free movement of capital going beyond what is necessary to combat tax evasion.

   Categories: Supreme Tax Court cases

   Keywords: free movement of capital, investment tru ...
2. 29.10.2013

   VAT exemption for investment consultancy to investment trust ...

   Following a Supreme Tax Court case, the finance ministry has amended the VAT Implementation Decree to clarify that investment consultancy to investment trusts is VAT-free as the administration of fund assets if linked to a concrete recommendation to buy or sell based on precise knowledge of the fund’s portfolio and investment objectives and restrictions.

   Categories: Official Pronouncements

   Keywords: investment consultancy, investment trust