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CJEU Holds Portugal's Differing Tax Treatment of Resident and Non-Resident Collective Investment Undertakings Violates Free Movement of Capital

|Approved Changes|Portugal-European Union
Portugal-European Union

On 17 March 2022, the Court of Justice of the European Union (CJEU) issued its judgment in Case C-545/19 concerning Portugal's differing tax treatment of dividends paid to resident and non-resident collective investment undertakings, and whether such differing treatment constitutes a restriction on the free movement of capital in violation of EU law (Article 63 TFEU).

Under its domestic law,…

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