Exemption of Inbound Dividends from Non-Corporate Taxes under the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 4/2025 on the Decision of the CJEU of 1 August 2025 in Banca Mediolanum (Joined Cases C-92/24 to C-94/24) - 2025
Exemption of Inbound Dividends from Non-Corporate Taxes under the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 4/2025 on the Decision of the CJEU of 1 August 2025 in Banca Mediolanum (Joined Cases C-92/24 to C-94/24)
Droit fiscal européen - directive mères-filiales ) exemption - impôt autre que l'ISoc - PS directive - european tax law - exemption - non-rorporate taxes
Abstract :
[en] In this CFE Opinion Statement, submitted to the EU Institutions in November 2025, the CFE ECJ Task Force comments on the CJEU’s decision of 1 August 2025 in Banca Mediolanum (Joined Cases C-92/24 to C-94/24) concerning the application of the exemption method under article 4(1)(a) of the EU Parent-Subsidiary Directive (2011/96) (PSD) to a non-corporation tax, specifically the Italian regional tax on production activities (IRAP). Deviating from Advocate General Kokott’s Opinion and her proposed analysis of tax comparability, the Court concluded, based on a textual, contextual and teleological interpretation, that ratione materiae the exemption under article 4(1)(a) of the PSD applies to any tax that includes qualified dividends in its tax base. This is irrespective of the fact that article 2 of the PSD defines its ratione personae by reference to specifically listed domestic corporate taxes, of which the IRAP is not one.
Disciplines :
Tax law
Author, co-author :
Kofler, Georg
Prats, AlfredoGarcia
Haslehner, Werner
Kemmeren, Eric
Lang, Michael
Nogueira, JoãoFélixPinto
Raventós-Calvo, Stella
Richelle Graulich, Isabelle ; Université de Liège - ULiège > HEC Liège : UER > UER Finance, Comptabilité et Droit : Droit fiscal
Rust, Alexander
Language :
English
Title :
Exemption of Inbound Dividends from Non-Corporate Taxes under the EU Parent-Subsidiary Directive – Opinion Statement ECJ-TF 4/2025 on the Decision of the CJEU of 1 August 2025 in Banca Mediolanum (Joined Cases C-92/24 to C-94/24)
Alternative titles :
[fr] Exemption d'impôts autres que l'impôt des sociétés pour les dividendes entrants selon la directive mères-filiales - Opinion Statement ECJ-TF 4/2025 concernant la décision de la CJUE du 1er août 2025 dans l'affaire Banca Mediolanum (aff. jointes C-92/24 to C-94/24)
Original title :
[en] Opinion Statement ECJ 4/2025 on the exemption of inbound dividends from non-corporate taxes under the Parent-Subsidiary Directive in the Decision of the CJEU in Joined Cases C-92/24 – C-94/24, Banca Mediolanum
