Danish court sets scene for EU tax clash over Danish funds

KPMG Luxembourg, KPMG Acor Tax and the EU Tax Centre are closely monitoring a judgement issued by Østre Landsret (High Court of Eastern Denmark) on 2 April, after the court ruled the country's tax authority could levy witholding tax on non resident investment funds, seemingly contradicting an earlier ruling by the Court of Justice of the European Union (CJEU). The case centres on the 21 June 2018 ruling by the CJEU on the so called Fidelity Funds case (C-480/16). The European level court had concluded the the levy of a witholding tax by Denmark on dividends distributed by a Danish compan...