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Keine KESt-Entlastung für Dividenden an eine zypriotische Holding
No Withholding Tax Relief for Dividends Paid to a Cypriot Holding
On March 3rd, 2022, the Austrian Federal Fiscal Court had to decide whether dividends distributed by an Austrian resident Société Europeénne to a parent company resident in Cyprus in the years 2012 to 2017 have to be relieved from Austrian withholding tax according to the provisions of the EU Parent-Subsidiary Directive. Under comparable circumstances, the Administrative Court in its decision of June 26th, 2014, 2011/15/0080, had already denied such a refund of withholding tax on dividends distributed by the same Austrian company for the year 2008. Since the Cyprus parent company was considered to act as a conduit company and the ultimate beneficial owner of the Cyprus parent was resident in a non-EU-country the Austrian tax office competent for the withholding tax refund rejected the application for refund which was again confirmed by the Federal Fiscal Court.
I. Sachverhalt
Beschwerdeführerin der Entscheidung , war eine „company limited by-shares“ (Ltd 1), mit Sitz in Limassol, Zypern, die als „special purpose vehicle“ von in Nicht-EU-Staaten ansässigen Gesellschaftern errichtet worden war. Zweck der Gesellschaft war in erster Linie das Halten und Ver...