TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Commission asks the Netherlands to amend the Dutch-Japanese Tax Treaty

The European Commission issued a reasoned opinion to the Netherlands requesting it to amend the Limitation on Benefits (LOB) clause in the Dutch-Japanese Tax Treaty.

This is on the basis that a Member State cannot agree a better treatment for companies held by shareholders resident in its own territory, than for comparable companies held by shareholders resident elsewhere in the EU/EEA. In the absence of a satisfactory response within two months, the Commission may refer the Netherlands to the Court of Justice of EU according to its press release.