Newsletter | WTS Germany

Global Financial Services

#1/2026

WTS Financial Services

Newsletter

News from eight European countries with a focus on the international Financial Services industry

#3/2025

WTS Financial Services

Newsletter

News from twelve European countries with a focus on the international Financial Services industry

#2/2025

WTS Financial Services

Newsletter

News from seven countries with a focus on the international Financial Services industry

#1/2025

WTS Financial Services

Newsletter

News from nine countries with a focus on the international Financial Services industry

News from eight European countries with a focus on the international Financial Services industry

Czech Republic: Changes to the taxation of employee share and option plans (ESOPs)

Denmark: DAC8 & CARF - Automatic exchange of information related to crypto-assets

Germany: Investment funds - Asset management decisions by fund investors?

Germany: Crypto-Asset Tax Transparency Act (DAC8 Implementation)

Italy: Reform of the Italian Consolidated Law on Finance (TUF): the partnership company

Poland: Foreign investment funds - Impact of recent amendments to CIT Act; CIT on (incl. foreign) banks increases

Portugal: New opportunity for non-resident pension funds to recover WHT suffered in Portugal

Spain: Refund of WHT - Breach of the EU principle of free movement of capital in the dividend regime for non-residents with losses

United Kingdom: Strengthening tax transparency leadership at WTS Hansuke
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News from twelve European countries with a focus on the international Financial Services industry

Hot Topic: Germany - Regulated investmend funds: New draft bill increases certainty

Austria: ECJ largely confirms Austrian legislation denying WHT redunf to foreign CIVs

China: VAT resumed on bonds interest income - QFII exemption uncertain after 2025

India: IFSC in focus - Tax exemption for non-residents on derivate profits in IFSC

Indonesia: The tax treatment of crypto assets in Indonesia

Luxembourg: Proposal regarding major enhancements to carried interest regime

Luxembourg: New Circular clarifies the definition of a “collective investment vehicle” for the purpose of its carve-out from the reverse hybrid rules

Poland: Finance Minister's guidance of 3 July 2025 regarding the use of beneficial owner test for WHT purposes

Republic of Korea: Foreign investors and multinational enterprises – Impact of key 2025 Korean tax reform proposals

Singapore: Substance at the top- IRAS pragmatic take on SPVs and investment funds

Spain: CJEU to rule on WHT discrimination of investment funds resident in the U.S. investing in Spain

Taiwan: Update – Financial Services news 2025 for Foreign Institutional Investors

The Netherlands: European Commission Challenges Dutch Dividend Tax Reduction Scheme: Implications for Investment Funds
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News from seven countries with a focus on the international Financial Services industry

Hot Topic: Pension Funds, Taxation and the Free Movement of Capital of the EU

Belgium: Investment Funds and Belgian subscription tax under the Belgium-Luxembourg DTT - important recent case law

Finland: Supreme Administrative Court Seeks CJEU Ruling on VAT Exemption on Post-Sale Loan Management Services

Finland : Supreme Administrative Court considered the right of financial operators to a VAT refund to be broader than the express wording of the national VAT Act

Poland: Important CJEU's decision on Luxembourg's internally managed investment funds

Singapore: Budget 2025: Tax Measures for Financial Services

Spain: WHT on dividends - CJEU ruling dated 19 December 2024

The Netherlands: Key Changes for Foreign Investors due to Dutch Fund Decree 2025
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News from nine countries with a focus on the international Financial Services industry

Hot Topic: France & The Netherlands: Foreign insurance companies and Dutch WHT on dividends - recent CJEU judgement C-782/22

Czech Republic: News on crypto-assets and employee shares

Germany: First WHT refund granted to foreign investment fund in Germany

Norway: New decision on refund of withholding tax for US RIC

Poland: Directive-based WHT exemptions for dividends, interest and royalties

Serbia: Does Serbia’s tax policy foster foreign investment or create barriers? Local taxation rules for portfolio investors

Singapore: Updates to Singapore’s tax incentive schemes for funds

United Kingdom: HMRC’s transfer pricing guidelines for compliance (GfC)
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WTS Newsletter

Global Financial Services

News from eight European countries with a focus on the international Financial Services industry

News from twelve European countries with a focus on the international Financial Services industry

News from seven countries with a focus on the international Financial Services industry

News from nine countries with a focus on the international Financial Services industry

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