Following complaints by the
EFRP in December 2005 the Commission has opened infringement proceedings against 9 EU Member States for their allegedly discriminatory taxation of dividend and interest payments to foreign EU pension funds. Other Member States are still under investigation.
The 9 Member States involve, the Czech Republic, Denmark, Lithuania, the Netherlands, Poland, Portugal, Slovenia, Spain and Sweden.
Should the European Court of Justice eventually decide to follow the
Commission’s reasoning pension funds should be granted a refund regarding withholding tax on dividends and interest paid and levied in other Member States in breach of the EC Treaty.
Following up on the December 2005 complaint the Commission is still examining the situation in other Member States. This may result in the opening of further infringement procedures in the following months.
EFRP press release
© EFRP - European Federation for Retirement Provision
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