Romania Tax News

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ECJ: Swedish legislation on dividend tax relief in relations with third countries is compatible with EC law – details

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ECJ: Advocate General holds German switch-over provision for low-taxed passive income of foreign PEs incompatible with EC Law – details

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ECJ: Advocate General finds Dutch withholding tax on outbound dividends incompatible with EC free movement of capital – details

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ECJ: Previous Austrian rules discriminating dividends received from third countries are compatible with free movement of capital under grandfathering clause – details

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ECJ: German thin capitalization rules reclassifying interests paid to substantial shareholders in third States are not incompatible with EC law

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International tax conference on CCCTB held in Berlin

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ECJ: temporal effects of judgment in Meilicke against Germany should not be limited – details

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ECJ: hearing in case regarding Dutch withholding tax on outbound dividends

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Company tax regimes of Swiss cantons exempting foreign profits incompatible state aid under EU-Switzerland Agreement

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EU Commission progresses infringement actions against Member States for discriminatory taxation of outbound dividends

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EU Commission requests Italy to implement the Interest and Royalties Directive correctly

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EU Commission requests Italy not to apply a withholding tax on dividends paid to Netherlands parent companies

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ECJ holds French withholding tax on outbound dividends incompatible with freedom of establishment

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ECJ: previous UK ACT regime regarding outbound dividends compatible with EC fundamental freedoms (ACT IV GLO) – details

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European Commission decides that Luxembourg's preferential tax regime for 1929 holding companies constitutes incompatible state aid

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European Commission refers Italy and Luxembourg to ECJ for not implementing Directive amending EC Parent-Subsidiary Directive

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European Commission requests Belgium, Italy, Luxembourg, Netherlands, Portugal and Spain to terminate discriminatory taxation of outbound dividends

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European Commission requests Belgium to terminate discriminatory taxation of inbound dividends

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European Commission requested Spain to end infringement to the EC Parent-Subsidiary Directive concerning the use of anti-abuse measures

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Austria and Romania signed a new tax treaty on 30 March 2005. Once in force, the new treaty will replace the Austria-Romania income and capital tax treaty of 30 September 1976. Further details are not yet available.

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The new income and capital tax treaty between Canada and Romania, signed on 8 April 2004, entered into force on 31 December 2004. The new treaty generally applies from 1 January 2005.

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