Concha García Burgos

The upcoming judgement of the CJEU is likely to have significant implications for portfolio investments of U.S. investment funds in Spain and in further EU markets. The decision should impact mutual funds from other third (non-EU) country jurisdictions, too.

The CJEU judgement of 19 December 2024 has important implications for foreign companies investing in Spain that incur losses in their country of residence and that cannot recover the WHT on the income derived from their investments in Spain.