Spanish Tax Lease: Case closed? Not really (...)

2023-02-13T12:03:00
Unión Europea
Judgment of the Court in Spain v Commission, Lico Leasing and Pequeños y Medianos Astilleros v Commission, Caixabank and Others v Commission (...)
Spanish Tax Lease: Case closed? Not really (...)
13 de febrero de 2023
On 2 February 2023, the Court of Justice issued its final judgment in the so-called ‘Spanish Tax Lease’ case (Joined Cases C-649/20 P, C-658/20, C-662/20 P) partially setting aside the General Court’s judgment and annulling the decision of the Commission.

The judgment deals with a complex tax scheme which allowed discounts to be given to shipping companies for the purchase of new vessels. Via the Spanish Tax Lease (STL) regime, Economic Interest Groupings (EIGs) and the investors participating in them benefited from tax advantages, which were then partially transferred to the shipping companies that bought a new ship. 

See complete article at: EULawLive. Feb 15, 2023.

13 de febrero de 2023