Anti offshore changes to the EU Directive on Parent and Subsidiary companies: what will change as of 2016

In accordance with the Directive the subsidiaries are effectively exempt from withholding taxes on dividends and taxes on profit distributions in case of making payments to the parent companies. This option was misused sometimes to minimize…

DEUTSCH – WARUM NICHT?

German (German: Deutsche Sprache) is spoken by 100 million people (especially in Central Europe), and if we take into account those for whom it is a second language, this figure rises to 200 million, being the language with the largest number…

Court of Justice of the European Union – Judgment Régie communale autonome du stade Luc Varenne Case C-55/14

The Court of Justice of the European Union (CJEU) has issued a judgment in the above case which related to whether the letting of a stadium (with other services) to a football club and for only 18 days per year, constituted a letting of immovable…

Procedure And Conditions For Incorporating a Non- banking Financial Institution (“NFI”)

Please find below the procedure and conditions for incorporating a NFI: Articles of Incorporation: the Romanian legislation provides that it is compulsory to incorporate the NFI as joint stock companies; must be attested by a lawyer…

VAT Rates Applied in the Member States of the European Union

The European Commission has recently issued an official guide concerning the VAT rates applied in the Member States of the European Union as of 01 January 2015. The guide provides with the standard VAT rates applied in the EU Member States,…