Pension Funds can claim back WHT in Europe - Latest development
In 2005, PwC’s EU Direct Tax Group and the European Federation for Retirement Provision jointly lodged complaints with the European Commission against 18 EU Member States for their discriminatory taxation of dividend and interest payments to foreign EU pension funds. Today we are seeing the first refunds being granted by the Dutch and Austrian tax authorities and very promising developments in a number of other EU countries and also Norway. This paper details the most recent developments of this groundbreaking initiative.