The Commission has closed its case against Luxembourg and has commenced infringement proceedings against Bulgaria, Spain, Portugal and Romania, in the area of dividends.

In relation to Luxembourg, the Commission has closed the case in relation to higher taxation of outbound dividends paid to companies, as Luxembourg has eliminated the discriminatory taxation.

The Commission has sent reasoned opinions to Spain and Portugal about their rules under which dividends paid to foreign pension funds are taxed more heavily than dividends paid to domestic pension funds.

It has also sent requests for information in the form of letters of formal notice to Bulgaria about its rules under which inbound dividends paid to companies may be taxed more heavily than domestic dividends; and to Romania and Bulgaria about their rules under which outbound dividends paid to companies may be taxed more heavily than domestic dividends.