OrbitaxCourt of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
|Approved Changes|Belgium; European Union
On 12 May 2012, the Court of First Instance (Gerecht van Eerste Aanleg) Leuven gave its decision in a case on the deduction of competition fines as business costs. Details of the case are summarized below.
(a) Facts. The Taxpayer was a company established in Belgium, which claimed a deduction for a fine imposed by the European Commission due to violation of EC competition l…
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