OrbitaxCJEU Holds Portugal Must Allow Non-Resident Financial Institutions to Deduct Expenses on Interest Income Received in Portugal
|Approved Changes|Portugal-Ireland-European Union
On 13 July 2016, the Court of Justice of the European Union (CJEU) issued its judgment concerning Portugal's differing tax treatment of interest income received in Portugal by resident and non-resident financial institutions.
The case involved Portugal-based Brisal - Auto Estradas do Litoral SA (Brisal) and KBC Finance Ireland (KBC). In 2004, Brisal entered into an external financing agreement…
Continue Reading
