WTS Global Financial Services Newsletter #3/2024 is now available

We hope you may find interesting the latest version of the WTS Global Financial Services Newsletter presenting taxation related news from eight countries with a focus on the international Financial Services industry. 

The following participants in the WTS Global network are contributing with a diverse range of FS tax topics, e.g. two important German High Fiscal Court decisions concerning securities funds and German WHT, the article covering the fact that Swedish withholding tax on dividends to foreign public pension funds constitutes a prohibited restriction of the free movement of capital (C-39/23 Keva et al v. Skatteverket), and the discussions around the end of the LLP for fund managers in the United Kingdom:

Hot Topic: 

Sweden: CJEU judgement KEVA - Swedish WHT on dividends and foreign pension institutions
The Netherlands: The Netherlands and dividend WHT - EU Commission initiates infringement procedure
 

Finland – Castrén & Snellman:

Finland: CJEU ruling in case Keva (C-39/23) - Comment from the Finnish perspective
 

Germany – WTS Germany:

Germany: Securities funds and German WHT - Two important German High Fiscal Court decisions
 

Poland – WTS SAJA:

Poland: Amendments to the Polish Tax Code regarding interest on overpayments resulting from CJEU's judgment

Poland: Opinion of Advocate General Kokott in case C-18/23, 11 July 2024: Polish CIT exemption for self-managed foreign investment funds

Poland: VAT exemption for bonds contributed by investment fund as capital into a company in exchange for shares
 

Portugal – Vieira de Almeida:

Portugal: New tax regime for loan funds - A milestone for Portuguese financial sector
 

Serbia – WTS Porezi i Finansije:

Serbia: Exemption from capital gains tax on the transfer of copyright and related rights and industrial property rights
 

South Korea – Lee & Ko:

South Korea: South Korea ramps up its effort to increase foreign investors trading volume in its bourses through easing tax regulation starting from 2024
 

Sweden - Svalner:

Sweden: Swedish WHT on dividends to foreign public pension funds constitutes a prohibited restriction of the free movement of capital (C-39/23 Keva et al v. Skatteverket)
 

United Kingdom – FTI Consulting:

United Kingdom: The end of the LLP for fund managers? 

United Kingdom: Taking up the carried interest tax change challenge

Read the WTS Global Financial Services Newsletter here.