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 |
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2016-01-01 | SSRN Electronic Journal |