natgillin/translations-raw huggingface dataset:
Where, at the time of a distribution in respect of the year preceding that to which the concession [referred to in Article 28(1)(b) of the Law on corporation tax] relates, investors having an interest in the capital of a collective investment enterprise are exclusively natural persons resident in the Netherlands or bodies liable to corporation tax which are established in the Netherlands, [that] concession … shall be equal to the amount of the tax referred to in [Article 28(1)(b) of the Law on corporation tax] which would be deductible from income tax if the yield from securities and claims received by the collective investment enterprise in the year to which the concession relates had been received exclusively by natural persons resident in the Netherlands. …
Kadar so vlagatelji, ki imajo delež v kapitalu kolektivnega naložbenega podjema, v trenutku, ko je opravljena razdelitev za leto pred letom, na katerega se nana�a nadomestilo [iz člena 28(1)(b) zakona o davku od dobička pravnih oseb], izključno fizične osebe s prebivali�čem na Nizozemskem ali davčni zavezanci za plačilo davka od dobička pravnih oseb s sedežem na Nizozemskem, je [to] nadomestilo […] enako znesku davka iz [člena 28(1)(b) zakona o davku od dobička pravnih oseb], ki bi se ga odbilo od davka od dobička, če so donos prenosnih vrednostnih papirjev in terjatev, ki jih prejme kolektivni naložbeni podjem v letu, na katerega se nana�a nadomestilo, prejele izključno fizične osebe s prebivali�čem na Nizozemskem. […]
Where investors having an interest in the capital of a collective investment enterprise do not, at the date referred to in paragraph 1, consist exclusively of the persons or bodies liable to tax referred to in paragraph 1, the concession shall be calculated using the formula
Kadar v trenutku iz odstavka 1 vlagatelji, ki imajo delež v kapitalu kolektivnega naložbenega podjema, niso izključno osebe ali davčni zavezanci iz navedenega odstavka, se nadomestilo izračuna z uporabo formule
T = B x (7 Sr) / (10 S – 3 Sr), where
T = B x (7 Sr) / (10 S – 3 Sr), kjer
T is the concession;
T pomeni nadomestilo;
B is the amount of tax referred to in paragraph 1;
B pomeni znesek davka iz odstavka 1;
Sr is the amount paid, on the date referred to in paragraph 1, on the shares or units in the collective investment enterprise which are held directly or through other investment enterprises by natural persons resident in the Netherlands or by bodies liable to corporation tax, other than collective investment enterprises, which are established in the Netherlands; and
Sr pomeni znesek, ki je v trenutku iz odstavka 1 spro�čen od delnic ali deležev v kapitalu kolektivnega naložbenega podjema, ki jih imajo neposredno ali prek drugih kolektivnih naložbenih podjemov fizične osebe s prebivali�čem na Nizozemskem ali zavezanci za plačilo davka od dobička pravnih oseb, ki niso kolektivni naložbeni podjemi, s sedežem na Nizozemskem, in
S is the amount paid, on the date referred to in paragraph 1, on all shares or units in the collective investment enterprise which are in circulation.
S pomeni znesek, ki je v trenutku iz odstavka 1 spro�čen od vseh delnic ali deležev v kapitalu kolektivnega naložbenega podjema v obtoku.
According to the referring court’s explanations, where a fiscal investment enterprise pays dividends received by it from the Netherlands or from outside the Netherlands as profits to its shareholders, a Netherlands tax on dividends is deducted by the fiscal investment enterprise in respect of those shareholders.
Kadar kolektivni naložbeni podjem, ki ima davčni značaj, razdeli svojim delničarjem kot dobiček dividende, ki jih prejme na Nizozemskem ali v tujini, so glede na pojasnila predložitvenega sodi�ča njegovi delničarji zavezani za plačilo nizozemskega davka na dividende, ki ga mora odtegniti ta podjem.
With regard to those shareholders resident or established in the Netherlands, this taxation of dividends constitutes an advance payment of tax.
Kar zadeva navedene delničarje s prebivali�čem ali sedežem na Nizozemskem, pomeni ta davek predplačilo.
The tax may be credited against the income or corporation tax owed by them and, so far as the taxation of dividends exceeds that amount, it is repaid.
Odtegljaj od dividend se namreč odbije od dohodnine ali od davka od dobička pravnih oseb, ki so ga dolžni plačati njihovi delničarji, in se povrne, kolikor presega znesek zadevnega davka.
The tax on dividends deducted in respect of other shareholders is refunded only if a convention for the prevention of double taxation or the Taxation rules for the Kingdom of the Netherlands provide for this.
Drugim delničarjem se odtegnjeni davek na dividende povrne samo, če je to določeno v konvenciji o izogibanju dvojnega obdavčevanja ali nizozemskem zakonu, ki določa davčni okvir.
The tax convention concluded on 16 June 1959 between the Federal Republic of Germany and the Kingdom of the Netherlands, as amended by the protocols of 13 March 1980 and 21 May 1991, made no provision, as regards the 1997/1998 financial year, for a right to set off German tax deducted from dividends paid in Germany to a Netherlands resident.
Davčna konvencija, sklenjena 16. junija 1959 med Zvezno republiko Nemčijo in Kraljevino Nizozemsko, kot je bila spremenjena s protokoloma z dne 13. marca 1980 in 21. maja 1991, za računovodsko leto 1997/1998 ne določa pravice do odbitja nem�kega davka, odtegnjenega od dividend, ki so bile nizozemskemu prebivalcu izplačane v Nemčiji.
No convention for the prevention of double taxation was in force during the 1997/1998 financial year between the Kingdom of the Netherlands and the Portuguese Republic.
V računovodskem letu 1997/1998 ni bila v veljavi nobena konvencija o izogibanju dvojnega obdavčevanja med Kraljevino Nizozemsko in Portugalsko republiko.
OESF is a company with variable capital established in Amsterdam (Netherlands). The company’s object is the investment of money in securities and other assets in such a way that the risks are spread, so that its shareholders can share the proceeds.
OESF je družba me�anega kapitala s sedežem v Amsterdamu (Nizozemska) in se ukvarja z naložbami sredstev v vrednostne papirje in drugo premoženje v skladu z načelom razpr�itve tveganj, da bi svoje delničarje obogatila z donosi svojih naložb.
The company actively manages a portfolio of securities issued by listed European
Ta družba v portfelju aktivno upravlja z vrednostnimi papirji, ki jih izdajo evropska
ORANGE EUROPEAN SMALLCAP FUND undertakings.
ORANGE EUROPEAN SMALLCAP FUND podjetja, ki kotirajo na borzi.
According to the referring court, in the 1997/1998 financial year, OESF had no interests in companies established outside the Netherlands of such a kind as to enable it to determine the activities of those companies.
Predložitveno sodi�če navaja, da družbi OESF deleži, ki jih je imela v družbah s sedežem zunaj Nizozemske, v računovodskem letu 1997/1998 niso omogočali, da bi odločala o dejavnostih teh družb.
OESF’s shareholders are natural and legal persons.
Delničarji družbe OESF so fizične in pravne osebe.
In the 1997/1998 financial year, the majority of those shareholders were individuals resident in the Netherlands and bodies established in the Netherlands and either liable or not liable to Netherlands corporation tax.
V računovodskem letu 1997/1998 je bila večina teh delničarjev prebivalcev Nizozemske ter subjektov s sedežem na Nizozemskem in so bili zavezanci za plačilo nizozemskega davka od dobička pravnih oseb ali pa niso bili zavezanci za plačilo tega davka.
The rest of the share capital was held essentially by individuals established in the Netherlands Antilles and in other Member States (namely, the Kingdom of Belgium, the Federal Republic of Germany, the French Republic, the Grand-Duchy of Luxembourg and the United Kingdom of Great Britain and Northern Ireland), and by bodies established in Belgium.
Preostanek kapitala so imeli dejansko posamezniki s sedežem na Nizozemskih Antilih in v drugih državah članicah (namreč v Kraljevini Belgiji, Zvezni republiki Nemčiji, Francoski republiki, Velikem vojvodstvu Luksemburg ter Združenem Kraljestvu Velika Britanija in Severna Irska) ter subjekti s sedežem v Belgiji.
Lastly, OESF’s shareholders included bodies and individuals resident in Switzerland and individuals resident in the United States.
Poleg tega so bili delničarji družbe OESF subjekti in posamezniki s prebivali�čem v Švici ter posamezniki s prebivali�čem v Združenih državah.
In the 1997/1998 financial year, OESF received dividends on shares in foreign companies corresponding to NLG 5 257 519.15.
Družba OESF je za računovodsko leto 1997/1998 prejela dividende od deležev v tujih družbah v znesku 5.257.519,15 NLG.
It was taxed abroad on those dividends; the sum of NLG 735 320 was deducted at source, of which NLG 132 339 was by way of German tax and NLG 9 905 by way of Portuguese tax.
Od teh dividend je v tujini z odtegljajem pri viru plačala davek v vi�ini 735.320 NLG, od tega 132.339 NLG nem�kega davka in 9.905 NLG portugalskega davka.
As a result of the payment of those foreign taxes, OESF applied for the concession provided for in Article 28(1)(b) of the Law on corporation tax, in conjunction with Article 6 of the Royal Decree.
Ker je plačala te tuje davke, je družba OESF zahtevala nadomestilo iz člena 28(1)(b) zakona o davku od dobička pravnih oseb v povezavi s členom 6 kraljeve uredbe.
OESF calculated that concession at NLG 518 270, taking as a basis for the calculation the whole of the abovementioned sum of NLG 735 320, being the total foreign taxation.
To nadomestilo, kot ga je izračunala družba OESF, bi zna�alo 518.270 NLG, pri čemer je kot osnovo za izračun vzela celoten navedeni znesek 735.320 NLG, ki ustreza se�tevku vseh tujih davkov.
The competent tax authority allowed that application only in part, taking NLG 593 076 — namely that sum of NLG 735 320, less the German and Portuguese taxation (NLG 132 339 and NLG 9 905 respectively) — as a basis for the calculation, and fixed the amount of the concession at NLG 418 013.
Pristojni davčni organ je le delno ugodil tej zahtevi in za osnovo za izračun določil znesek 593.076 NLG, kar je navedeni znesek 735.320 NLG, zmanj�an za nem�ki (132.339 NLG) in portugalski davek (9.905 NLG), ter določil znesek nadomestila v vi�ini 418.013 NLG.
Following an objection, that decision was confirmed.
Po pritožbi je bila ta odločitev potrjena.
Hearing an appeal by OESF, the Gerechtshof te Amsterdam (Regional Court of Appeal, Amsterdam) annulled that decision and increased the disputed concession to NLG 622 006.
Gerechtshof te Amsterdam (pritožbeno sodi�če v Amsterdamu), ki je odločalo o tožbi družbe OESF, je navedeno odločbo razveljavilo in določilo sporno nadomestilo v vi�ini 622.006 NLG.
The Gerechtshof took the view that the exclusion of the tax deducted in Germany and Portugal from the basis for calculation of the concession, and the reduction of that concession in proportion to the shares in OESF held by shareholders resident or established outside the Netherlands, amounted to an unjustified restriction on the free movement of capital.
To sodi�če je menilo, da sta izključitev davkov, odtegnjenih v Nemčiji in na Portugalskem, iz osnove za izračun nadomestila in zmanj�anje tega nadomestila sorazmerno z deležem delničarjev s prebivali�čem ali s sedežem zunaj Nizozemske v kapitalu družbe OESF neupravičena ovira za prosti pretok kapitala.
The Staatssecretaris van Financiën lodged an appeal in cassation before the referring court against the judgment of the Gerechtshof te Amsterdam in so far as the latter (i) took into account the taxes deducted in Germany and Portugal in the calculation of the concession, and (ii) failed to reduce the concession in proportion to the shares held in OESF by shareholders who are not resident or established in the Netherlands.
Staatssecretaris van Financiën je zoper sodbo Gerechtshof te Amsterdam na predložitveno sodi�če vložil kasacijsko pritožbo, s katero je to sodbo izpodbijal glede upo�tevanja davkov, odtegnjenih v Nemčiji in na Portugalskem, za izračun nadomestila in glede neobstoja zmanj�anja nadomestila glede na deleže v kapitalu družbe OESF, ki so jih imeli delničarji brez prebivali�ča ali sedeža na Nizozemskem.
The Hoge Raad der Nederlanden (Supreme Court of the Netherlands) took the view that an interpretation of Community law was necessary in order for it to reach a decision in the main action. It accordingly decided to stay the proceedings and submit the following questions to the Court of Justice for a preliminary ruling:
Ker je Hoge Raad der Nederlanden menilo, da je za re�itev spora o glavni stvari potrebna razlaga prava Skupnosti, je prekinilo odločanje in Sodi�ču v predhodno odločanje predložilo ta vpra�anja:
Member State under which … a concession to be granted to a fiscal investment enterprise on account of taxation at source deducted in another Member State from dividends received by the fiscal investment enterprise is restricted:
ORANGE EUROPEAN SMALLCAP FUND podjemov, ki imajo davčni značaj, določajo nadomestilo za upo�tevanje davčnih odtegljajev od dividend, izplačanih navedenim podjemom, ki jih druga država članica odtegne pri viru, navedeno nadomestilo omejujejo […]: a) na znesek, ki bi ga lahko fizična oseba s prebivali�čem na Nizozemskem odbila na podlagi pogodbe, ki je bila na davčnem področju sklenjena s to drugo državo članico; b) če in kolikor so delničarji kolektivnih naložbenih podjemov, ki imajo davčni značaj, fizične osebe, ki nimajo prebivali�ča na Nizozemskem, ali subjekti, ki niso zavezani nizozemskemu davku od dobička pravnih oseb?
(a) Does “direct investment” in Article 57(1) EC also include the holding of a block of shares in a company if the holder of the shares holds them only as an investment and the size of the block does not put the holder in a position to exercise a decisive influence over the management or control of the company?
Če je odgovor na prvo vpra�anje v celoti ali delno pritrdilen: a) Ali pojem ‚neposredne naložbe‘ iz člena 57(1) ES vključuje lastni�tvo svežnja delnic, ki jih je izdala družba, kadar jih ima imetnik samo kot naložbe in mu velikost svežnja ne omogoča izvajanja odločilnega vpliva na upravljanje in nadzor te družbe?
(b) Under Article 56 EC, is any restriction of the movement of capital connected with the levying of tax that would be impermissible if it related to cross-
b) Ali bi bila z obdavčenjem povezana omejitev pretoka kapitala, ki bi bila nezakonita, če bi vplivala na transnacionalne transakcije znotraj Evropske
2008 — CASE C-194/06 border movement of capital within the EC similarly impermissible in the case of the same movement of capital — in otherwise similar circumstances — to and from third countries?
2008 – ZADEVA C-194/06 skupnosti, prav tako nezakonita na podlagi člena 56 ES, če bi se iste transakcije – v sicer enakih okoli�činah – izvedle v tretje državah ali iz njih?
(c) If the answer to Question 2(b) is in the negative, must Article 56 EC then be interpreted as meaning that a restriction by a Member State of a tax concession granted to a fiscal investment enterprise with regard to taxation at source of a dividend received from a third country, that restriction being based on the fact that not all shareholders of the fiscal investment enterprise have their place of residence in the Member State concerned, is incompatible with that article?
c) Ali je treba, če je odgovor na drugo vpra�anje, točka b, nikalen, člen 56 ES razlagati tako, da nasprotuje temu, da država članica omeji davčno nadomestilo v korist kolektivnih naložbenih podjemov, ki imajo davčni značaj, […] namenjeno za upo�tevanje davčnih odtegljajev, ki jih tretja država odtegne pri viru, od dividend, izplačanih navedenemu podjemu, medtem ko je navedena omejitev utemeljena s tem, da delničarji podjema niso izključno osebe s prebivali�čem v zadevni državi članici?
(a) the tax deducted in another country from the dividend received from that country is higher than the tax on the payment of that dividend to foreign shareholders in the Member State of establishment of the fiscal investment enterprise;
Ali je treba pri odgovoru na zgornji vpra�anji upo�tevati dejstvo, da: a) je davčni odtegljaj, ki je bil v drugi državi odtegnjen od dividend, izplačanih iz te države, vi�ji od odtegljaja od dividend, razdeljenih tujim delničarjem v državi članici, v kateri ima sedež kolektivni naložbeni podjem, ki ima davčni značaj; b) imajo tuji delničarji kolektivnega naložbenega podjema, ki ima davčni značaj, prebivali�če ali sedež v državi, s katero je država članica, v kateri je sedež podjema, sklenila pogodbo, ki na vzajemni podlagi določa odbitje odtegljaja od dividend, odtegnjenega pri viru;
ORANGE EUROPEAN SMALLCAP FUND
ORANGE EUROPEAN SMALLCAP FUND c) imajo tuji delničarji kolektivnega naložbenega podjema, ki ima davčni značaj, prebivali�če ali sedež v drugi državi članici Skupnosti?“
Question 1(a)
Prvo vprašanje, točka a
By its Question 1(a), the referring court asks, in essence, whether Articles 56 EC and 58 EC must be interpreted as precluding legislation of a Member State, such as that at issue in the main proceedings, under which a concession to be granted to a fiscal investment enterprise established in that Member State on account of tax deducted at source in another Member State from dividends received by that fiscal investment enterprise is restricted to the amount which a natural person resident in the first Member State could have had credited on the basis of a convention for the prevention of double taxation concluded with the other Member State.
Predložitveno sodi�če s prvim vpra�anjem, točka a, v bistvu spra�uje, ali je treba člena 56 ES in 58 ES razlagati tako, da nasprotujeta zakonodaji države članice, kot se obravnava v postopku v glavni stvari, ki ob tem, da v korist kolektivnih naložbenih podjemov s sedežem na ozemlju te države članice, ki imajo davčni značaj, določa nadomestilo za upo�tevanje davčnih odtegljajev, ki jih druga država članica odtegne pri viru, od dividend, izplačanih tem podjemom, navedeno nadomestilo omejuje na znesek, ki bi ga fizična oseba s prebivali�čem na navedenem ozemlju lahko odbila na podlagi konvencije o izogibanju dvojnega obdavčevanja, sklenjene s to drugo državo članico.
With regard to the case in the main proceedings, the effect of such legislation is that tax on dividends deducted at source in Germany and Portugal is not taken into account in the calculation of that concession because, at the material time, the convention between the Kingdom of the Netherlands and the Federal Republic of Germany made no provision for a right to set off tax deducted in Germany against Netherlands income tax, and no convention had been concluded between the Kingdom of the Netherlands and the Portuguese Republic.
V zvezi s postopkom v glavni stvari je posledica take zakonodaje, da davki na dividende, odtegnjeni pri viru v Nemčiji in na Portugalskem, niso upo�tevani pri izračunu navedenega nadomestila, ker v času dejanskega stanja v sporu o glavni stvari konvencija, sklenjena med Kraljevino Nizozemsko in Zvezno republiko Nemčijo, ni določala pravice o odbitju davka, plačanega v Nemčiji, od nizozemske dohodnine, medtem ko med Kraljevino Nizozemsko in Portugalsko republiko ni bila sklenjena nobena konvencija.
It follows from the order for reference that the referring court queries the compatibility of such legislation with the provisions of the EC Treaty on the free movement of capital, in view of the fact that, under Netherlands law, a fiscal investment enterprise established in the Netherlands which receives dividends from companies established in the Netherlands is entitled to a full refund of the Netherlands tax on dividends which is deducted at source by those companies.
Iz predložitvene odločbe izhaja, da se predložitveno sodi�če spra�uje o skladnosti take zakonodaje z določbami Pogodbe ES o prostem pretoku kapitala glede na dejstvo, da je v skladu z nizozemskim zakonom kolektivni naložbeni podjem s sedežem na Nizozemskem, ki ima davčni značaj in ki prejme dividende od družb s sedežem v tej državi članici, upravičen do celotnega povračila nizozemskega davka na dividende, ki ga te družbe odtegnejo pri viru.
In that regard, OESF and the Commission of the European Communities submit that, since the Kingdom of the Netherlands reimburses in full the tax deducted from dividends distributed by Netherlands companies, it must also offset the tax deducted from dividends in Germany and Portugal.
Družba OESF in Komisija Evropskih skupnosti v zvezi s tem poudarjata, da mora Kraljevina Nizozemska, ker v celoti povrne odtegnjen davek na dividende, ki jih razdelijo nizozemske družbe, prav tako nadomestiti davek na dividende, odtegnjen v Nemčiji in na Portugalskem.
Failure to do so, they argue, would mean that the Kingdom of the Netherlands treats dividends issued in Germany or Portugal less favourably than those paid by Netherlands companies.
V nasprotnem primeru bi Kraljevina Nizozemska slednje dividende obravnavala manj ugodno kot dividende, izplačane nizozemskim družbam.
That less favourable treatment, they continue, has the effect of deterring OESF from investing in Germany and Portugal and of making it more difficult for undertakings established in those Member States to raise capital in the Netherlands, and therefore constitutes a restriction on the free movement of capital that is in principle prohibited by the Treaty.
Posledica tega manj ugodnega obravnavanja bi bilo odvračanje družbe OESF od vlaganja v Nemčiji in na Portugalskem ter oteževanje zbiranja kapitala na Nizozemskem za podjetja s sedežem v tej državi članici, kar bi pomenilo omejevanje prostega pretoka kapitala, ki ga Pogodba načeloma prepoveduje.
The Netherlands Government, by contrast, contends that the Kingdom of the Netherlands cannot be accused of treating dividends from German or Portuguese companies differently from those received from Netherlands companies, inasmuch as no tax is deducted from dividends received by OESF, irrespective of their origin, and therefore those dividends are treated identically under Netherlands tax law.
Nasprotno pa Nizozemska vlada trdi, da Kraljevini Nizozemski ni mogoče očitati, da dividende nem�kih ali portugalskih družb obravnava drugače kot dividende nizozem -skih družb, saj nizozemski davčni zakon dividende družbe OESF obravnava enako, s tem da od dividend, ki jih prejme ta družba, ne odtegne davka ne glede na njihov izvor.
In addition, the refund scheme at issue in the main proceedings does not generally aim to relieve a fiscal investment enterprise of a tax on incoming dividends.
Poleg tega ni namen sistema nadomestil, ki se obravnava v postopku v glavni stvari, da kolektivni naložbeni podjem, ki ima davčni značaj, na splo�no razbremeni odtegnitve davka na dividende, ki so mu izplačane.
In fact, in domestic situations, the taxation of dividends operates as an advance payment for the purposes of corporation tax.
Davek na dividende bi namreč v notranjih primerih učinkoval kot predplačilo za namene davka od dobička pravnih oseb.
Given that fiscal investment enterprises established in the Netherlands are zero-rated with regard to corporation tax and that Netherlands tax on dividends is therefore not levied in respect of dividends received by those enterprises, the tax deducted at source from dividends received by those enterprises is refunded to them.
Ker so kolektivni naložbeni podjemi, ki imajo davčni značaj, s sedežem na Nizozemskem zavezani za plačilo davka od dobička pravnih oseb po stopnji nič in ker se zato nizozemski davek na dividende ne plača od dividend, ki jih prejmejo ti podjemi, se povrne davek na dividende, izplačane tem podjemom, ki je odtegnjen pri viru.