Posted: March 11th, 2010, 5:31am MSK
Amsterdam, 11 March 2010 - The tax chamber of the Amsterdam Court of Appeal gave judgment in two cases with regard to the tax deductibility of a (recharged) competition fine.
The first case concerns X BV, a Dutch subsidiary of an international group of companies. In 2002, the European Commission (the Commission) imposed a fine of EUR 85.8 million to X KG, a group company established in Germany, for breach of the European competition law by the group (illegal price agreements, infringement of section 81 of the EC Treaty). The German KG recharged EUR 2.5 million of the fine to X BV.