Press Release: Taxation of dividends: Commission formally requests the Czech Republic and Italy to end discriminatory taxation of foreign pension funds

The European Commission sent reasoned opinions (the second step of the infringement procedure of Article 226 of the EC Treaty) to the Czech Republic and Italy about their rules under which dividends paid to foreign pension funds are taxed more heavily than dividends paid to domestic pension funds. For the Czech Republic, the reasoned opinion also concerns discriminatory taxation of interest and real estate income received by foreign pension funds. The two Member States are asked to reply within two months.