RSM Global

PROVIDING YOU WITH INSIGHT INTO DIFFERING RULES AND REGULATIONS

UNDERSTANDING EUROPE

As one of the most diverse regions in the world, Europe offers significant opportunities for business growth and expansion. However, the diversity of the region with varying currencies, regulations and stages of economic growth, can make Europe a very complex place for businesses to thrive.

With over 10,000 staff across the region, RSM assists businesses to anticipate and understand these complexities, in order to succeed in the largest consumer market in the world.

Sweden: Personal Income Tax

1 February 2014
An individual is considered to be a resident for Swedish tax purposes if the individual has a home at his disposal in Sweden. Any individual without such a real home within Sweden can also be treated as a resident for Swedish tax purposes, provided the individual resides in Sweden permanently.

Finland: Dividend withholding tax

1 February 2014
On 25 September 2013, the Finnish Supreme Administrative Court (SAC) ruled that interest must be paid when refunding Dividend Withholding Tax (DWT) that has been levied incorrectly from dividends intended for foreign entities. This was already the case for DWT levied from dividends intended for Finnish entities.

Italy: Advance tax rulings & permanent establishments

1 February 2014
On 23 December 2013, the Italian government published a decree concerning the Italian advance tax ruling procedures.

Germany: Corporate income tax

22 January 2014
In 2013 the German legislator renewed section 14, par. 1, no 5 of the German Corporate Tax Act (GCTA). The new rule limits the utilisation of tax losses in fiscal unities (the German group taxation system) in cross- border situations to avoid double-dips.

Luxembourg: Upcoming tax policy

22 January 2014
In December 2013, the new Luxembourg government announced its political program for the upcoming years. The announcement contains several direct and indirect tax measures.

Italy: 2014 Budget

22 January 2014
On 27 December 2013, the Italian 2014 Budget was approved by the Italian parliament as well as published in the official gazette. The 2014 Budget contains several changes, some of which may affect internationally active companies that operate in the Italian market.

Celebrating European Business Success

15 January 2014
I would like to congratulate the 100 businesses from across Europe that have been announced as the finalists and Ruban d’Honneur recipients in the 2013/14 European Business Awards. The finalists were chosen from 375 National Champions by an esteemed panel of judges made up of European business and political leaders, academics and entrepreneurs.

Italy: Compliance

1 January 2014
Under Italian tax law, companies are obligated to provide the Italian tax authorities with a list of the assets the company provided for use by its private individual shareholders, as well as loans and capital the company has received from its private individual shareholders. Failure to comply results in penalties.

Italy: New financial instruments

1 January 2014
provide a periodic analysis at least every six months of the value of the issued financial instruments. 4. The last financial statements of the company must be certified by an auditing firm. 5. The financial instruments may only be sold to qualified investors (as defined in DLgs no. 58/1998).

Germany: Updated tax policy

1 January 2014
On 27 November 2013, the German government published its tax policy for the upcoming four years. While not containing concrete, imminent measures the policy is a valuable insight into Germany's tax system actively countering base erosion and profit shifting.

Pages