Judgment of the Court (Third Chamber), 10 May 2012

Santander Asset Management SGIIC SA, on behalf of FIM Santander Top 25 Euro Fi (C‑338/11) v Directeur des résidents à l'étranger et des services généraux and Santander Asset Management SGIIC SA, on behalf of Cartera Mobiliaria SA SICAV (C‑339/11 to C‑347/11) and Others v Ministre du Budget, des Comptes publics, de la Fonction publique et de la Réforme de l’État

References for a preliminary ruling from the tribunal administratif de Montreuil

Articles 63 TFEU and 65 TFEU — Undertakings for collective investments in transferable securities (UCITS) — Different treatment of dividends paid to non-resident UCITS, subject to withholding tax, and dividends paid to resident UCITS, not subject to such tax — Whether it is necessary, for the purpose of determining whether the national measure is in conformity with the free movement of capital, to take account of the situation of shareholders — No such need

Joined Cases C‑338/11 to C‑347/11


Top of the page Documents in the Case
Document Date Name of the parties Subject-matter Curia EUR-Lex Autres Liens
Judgment (OJ)
15/06/2012 Santander Asset Management SGIIC
Free movement of capital
  • Free movement of capital
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Judgment
ECLI:EU:C:2012:286		 10/05/2012 Santander Asset Management SGIIC
Free movement of capital
  • Free movement of capital
EUR-Lex text EUR-Lex bilingual text
Judgment (Summary)
ECLI:EU:C:2012:286		 10/05/2012 Santander Asset Management SGIIC
Free movement of capital
  • Free movement of capital
EUR-Lex text EUR-Lex bilingual text
Application (OJ)
25/08/2011 Santander Asset Management SGIIC
Free movement of capital
  • Free movement of capital
EUR-Lex text EUR-Lex bilingual text
Order
ECLI:EU:C:2011:537		 04/08/2011 Santander Asset Management SGIIC
Free movement of capital
  • Free movement of capital
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EUR-Lex text EUR-Lex bilingual text
Top of the page Legal analysis of the decision or of the case

Reports of Cases

published in the electronic Reports of Cases (Court Reports - general)

Subject-matter

Information not available

Systematic classification scheme

1.
-
4 Internal policy of the European Union
  4.05 Free movement of capital and freedom of payments


Citations of case-law or legislation

References in grounds of judgment

Operative part

Opinion

Information not available


Dates

Date of the lodging of the application initiating proceedings

  • 04/07/2011

Date of the Opinion

Information not available

Date of the hearing

Information not available

Date of delivery

10/05/2012


References

Publication in the Official Journal

Applications: OJ C 269 from 10.09.2011, p.33

Judgment: OJ C 194 from 30.06.2012, p.4

Name of the parties

Santander Asset Management SGIIC

Notes on Academic Writings

  1. Dibout, Patrick: Le régime fiscal des dividendes versés aux OPCVM étrangers : un enjeu contentieux d'une importance exceptionnelle, Revue de droit fiscal 2011 Comm. 485 p.62-68 (FR)
  2. Defert, Séverine ; Louvel, Virginie ; Raingeard De La Blétière, Emmanuel: Retenue à la source sur les dividendes versés aux fonds d'investissement étrangers : incompatibilité avec le droit de l'UE, Revue de droit fiscal 2012 p.3-4 (FR)
  3. O'Shea, Tom: French Taxation of Foreign UCITS Found Incompatible With EU Law, Tax Notes International 2012 p.247-250 (EN)
  4. Berlin, Dominique: Vilain temps pour la fiscalité des OPCVM… et le budget français, La Semaine Juridique - édition générale 2012 nº 22 p.1060 (FR)
  5. Mosbrucker, Anne-Laure: Imposition des dividendes, Europe 2012 Mai Comm. nº 7 p.276 (FR)
  6. Behrens, Stefan: EuGH: Kapitalertragsteuer auf an gebietsfremde OGAW ausgeschüttete Dividenden und EU-Kapitalverkehrsfreiheit, Recht der Finanzinstrumente 2012 p.276-277 (DE)
  7. Buur Johnsen, Tina ; Lytken, Paul Erik ; Riis, Arne: The Impact of Santander (Joined Cases C-338/11 to C-347/11) in Denmark, European Taxation 2012 p.553-555 (EN)
  8. Gouthière, Bruno: Santander (Joined Cases C-338/11 to C-347/11): No Withholding Tax on Dividends Paid to Most Foreign UCITS, European Taxation 2012 p.560-562 (EN)
  9. Jilkén, Daniel ; Grip, Ulrika ; Dufwa, Johanna: Kommentar till mål C-338/11 Santander m.fl., Svensk Skattetidning 2012 Nr 5 p.488-493 (SV)
  10. Martín Jiménez, Adolfo: Impuestos directos y libertades comunitarias – Sentencia del TJUE (Sala Tercera) de 10 de mayo de 2012, Santander Asset Management et al., Asuntos acumulados C-338/11 a C-347/11, Revista española de Derecho Financiero 2012 nº 156 p.271-273 (ES)
  11. Marzano, Michele: "Comparabilità" comunitaria e dividendi distribuiti a organismi di investimento collettivo del risparmio non residenti, Rassegna tributaria 2013 p.714-730 (IT)
  12. Van der Mei, A.P.: Tijdschrift Recht en Arbeid 2013 nº 10 p.42 (NL)
  13. Saïac, Julien ; Rozant, Clément: Withholding Tax on Dividends Paid to Non-EU Investment Funds: Some Interesting Details, European Taxation 2014 p.468-469 (EN)
  14. Zorman, Gregor ; Mercina, Jure: Davčne ovire pri ustanavljanju alternativnih investicijskih skladov, Pravna praksa 2016 nº 49-50 p.23-25 (SL)



Procedural Analysis Information

Source of the question referred for a preliminary ruling

Tribunal administratif de Montreuil - France

Subject-matter

  • Free movement of capital

Provisions of national law referred to

Code général des impôts (CGI), articles 119 bis, paragraphe 2, et 187

Provisions of international law referred to

Convention relative à la double imposition entre la République française et le Royaume d'Espagne (10/10/1995)

Procedure and result

  • Reference for a preliminary ruling

Formation of the Court

troisième chambre (Cour)

Judge-Rapporteur

Lenaerts

Advocate General

Mazák

Language(s) of the Case

  • French

Language(s) of the Opinion

    Information not available