Romania Tax News
Netherlands Supreme Court decides that Dutch thin capitalization provisions in the case of financing companies are not incompatible with ICCPR and ECHR
Court of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
Tax Code amendments - enacted
Supreme Court decides interest paid on debt-claim towards low-taxed group company resulting from transfer of immovable property not deductible
Tax changes for 2013 announced
Treaty between Romania and Saudi Arabia – details
Protocol to treaty between Switzerland and Romania signed and details
Tax Code – amendments enacted
AMT to be abolished; flat CIT rate maintained
Thin capitalization – deductibility limit for interest on foreign currency loans reduced
New provisions on late payment interest and penalties
Amendments to Tax Code
Dutch dividend withholding tax exemption extended to certain EEA countries
ECJ: Netherlands' non-exemption of dividends paid to certain EEA countries from withholding tax found incompatible with EEA Agreement
ECJ: Cobelfret extended to domestic situations and potentially to dividends received from third countries
ECJ finds Finnish dividend withholding tax regime incompatible with EC freedom of establishment
European Commission refers Germany to ECJ over taxation of outbound dividends
Treaty between Iceland and Romania enters into force
Changes to direct taxation
ECJ: Advocate General finds French legislation on group consolidation excluding lower-tier subsidiaries indirectly owned through companies resident in other Member States justifiable restriction on EC freedom of establishment – details
ECJ: Advocate General finds Belgian withholding tax on interest paid to companies resident in other Member States compatible with EC freedom of establishment – details
Preliminary ruling requested from ECJ regarding Belgian anti-abuse provision concerning exceptional and gratuitous advantages
Preliminary ruling requested from ECJ on interpretation of EC Parent-Subsidiary Directive with respect to Italian tax on dividend adjustment (General Beverage)
ECJ: Advocate General finds French legislation on group consolidation excluding lower-tier subsidiaries indirectly owned through companies in other Member States justifiable restriction on EC freedom of establishment
Treaty between Romania and Austria – details
Treaty between Romania and Iceland ratified
Preliminary ruling requested from ECJ on interpretation of Merger Directive in connection with scheme to avoid Netherlands property transfer tax
Treaty between Qatar and Romania enters into force
Changes to corporate and individual taxation enacted
ECJ: Advocate General finds Belgian rules on inclusion of dividends in taxable base followed by 95% deduction insofar as parent company makes profits incompatible with Parent-Subsidiary Directive – details
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