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European Commission Releases July 2024 Infringement Package

26 July 2024

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Proposed Changes

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European Union-Netherlands-Belgium

The European Commission on 25 July released its Infringement Package for July 2024. The relevant cases in the area of taxation concern Belgium and the Netherlands. Belgium The Commission decided to refer Belgium to the Court of Justice of the European Union (CJEU) for failing to eliminate discriminatory conditions for the tax exemption of returns from savings accounts. The Commission considers that the conditions to benefit from the exemption of remunerations received from savings accounts limits access to the Belgian banking market by services providers established in other Member States, and are, therefore, contrary to the freedom to provide services...