![]() The Royal Decree of 27 August 1993 implementing the Income Tax Code 1992, as amended by the Royal Decree of 7 December 2008 ( Moniteur belge of 22 December 2008, p. 67513), lays down the criteria which the savings deposits referred to in Article 21(5) of the ITC 92 must, moreover, satisfy in order to benefit from the application of that article.ĥ. ‘Taxpayers subject to personal income tax are not required to state in their annual tax return the income from capital and moveable assets … in respect of which withholding tax has been paid …’Ĥ. Article 313 of the ITC 92 lays down the principle of exonerating withholding tax: – for the purposes of application of this provision, periods constituting mere safeguard measures that the depositary reserves the right to invoke shall not be regarded as periods of notice.’ģ. , regarding the currency in which they are denominated, the conditions and methods of withdrawals and deductions and regarding the structure, the level and the method for calculating their remuneration – those deposits must, moreover, satisfy the criteria laid down by Royal enactment after approval by the Banking, Financial and Insurance Commission. ‘Income from capital and movable property shall not include:ĥ the first tranche of EUR 1 730 (basic amount EUR 1 250) per year of income from savings deposits received, without any contractual stipulation as to maturity dates or periods of notice, by credit institutions established in Belgium governed by the Law of 22 March 1993 relating to the status and control of credit institutions, on the basis that: Article 21(5) of the Income Tax Code (‘the ITC 92’), in the version applicable to the tax year 2010 (income from 2009), provides: By its application, the European Commission seeks a declaration from the Court that, by introducing and maintaining a system of discriminatory taxation of interest payments by non-resident banks, resulting from the application of a tax exemption reserved only to interest payments by Belgian banks, the Kingdom of Belgium has failed to fulfil its obligations under Articles 56 TFEU and 63 TFEU and Articles 36 and 40 of the Agreement on the European Economic Area of 2 May 1992 (OJ 1994 L 1, p. 3 ‘the EEA Agreement’).Ģ. Having decided, after hearing the Advocate General, to proceed to judgment without an Opinion,ġ. Borg Barthet, acting for the President of the Fifth Chamber, J.-J. Kasel and M. Kingdom of Belgium, represented by J.-C. Halleux and M. Jacobs, acting as Agents,Ĭomposed of A. Judgment of the Court (Fifth Chamber), 6 June 2013.Įuropean Commission v Kingdom of Belgium.įailure of a Member State to fulfil obligations - Articles 56 TFEU and 63 TFEU - Articles 36 and 40 of the EEA Agreement - Tax legislation - Tax exemption reserved to interest payments by resident banks and excluding interest payments by banks established abroad.ĪCTION under Article 258 TFEU for failure to fulfil obligations, brought on 30 July 2010,Įuropean Commission, represented by R. Lyal and F. Dintilhac, acting as Agents, with an address for service in Luxembourg, Despite endeavors into hardware, the company still relies on advertising for a vast majority of its revenue, which in 2022 made up 97.5 percent of its revenue.Judgment of the Court (Fifth Chamber), 6 June 2013.#European Commission v Kingdom of Belgium.#Failure of a Member State to fulfil obligations - Articles 56 TFEU and 63 TFEU - Articles 36 and 40 of the EEA Agreement - Tax legislation - Tax exemption reserved to interest payments by resident banks and excluding interest payments by banks established abroad.#Case C‑383/10. In addition to Facebook, Instagram, Threads and WhatsApp, Meta has also acquired Oculus, Mapillary, CTRL-Labs, and has a 9.99% stake in Jio Platforms the company additionally endeavored into non-VR hardware such as the discontinued Meta Portal smart displays line and presently partners with Luxottica through the Ray-Ban Stories series of smart glasses. It is considered one of the Big Five American information technology companies, alongside Google's parent company Alphabet, Amazon, Apple, and Microsoft. Meta is one of the world's most valuable companies and among the ten largest publicly traded corporations in the United States. ![]() The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. ![]()
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