EU Registers on ultimate beneficial owners

ConstantinosEU

Berlin

EU member states will be obliged to maintain central registers on the ultimate beneficial owners of corporate and other legal entities including trusts.

VAT deduction for holding companies

ConstantinosEU

Hamburg

The ECJ concluded that a holding company that is actively involved in the management of its participation(s) and performs VATable services for a fee is entitled to deduct the VAT on acquisition costs, subject to any restriction resulting from any exempt supplies made.