6533b7dcfe1ef96bd127286d
RESEARCH PRODUCT
OS ECJ-TF 2/2016 on the Decision of the Court of Justice of the European Union of 13 July 2016 in Brisal and KBC Finance Ireland (Case C-18/15), on the Admissibility of Gross Withholding Tax of Interest
Volker HeydtFrancisco Alfredo Garcia PratsEmmanuel Raingeard De La BlétièreMichael LangAlexander RustRupert ShiersWerner HaslehnerPasquale PistoneGeorg KoflerJoão Félix Pinto NogueiraIsabelle RichelleEric KemmerenStella Raventos-calvosubject
FinanceNet profitbusiness.industryGross incomeWithholding taxEconomic Justicelanguage.human_languagePreliminary rulinglanguagemedia_common.cataloged_instancePortugueseEuropean unionbusinessTax lawmedia_commondescription
This article examines the decision of the CJEU in Brisal and KBC Finance Ireland (Case C-18/15) of 13 July 2016. Following a Portuguese reference for a preliminary ruling, the Court's decision provides further clarification on the permissibility of withholding taxation within the European Union. In relation to interest, the Court held that non-resident taxpayers may be subject to withholding taxes (even if comparable residents pursuing the same activity are not) but that non-residents may nevertheless not be taxed on gross income (when comparable residents are taxed on net profits) and are, therefore, entitled to deduct expenses directly connected to their business activity.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-01-01 | SSRN Electronic Journal |