Press Release: Direct taxation: The Commission requests Belgium to change its legislation implementing the Parent-Subsidiary Directive

The European Commission has sent a reasoned opinion (the second step of the infringement procedure of Article 226 of the EC Treaty) to Belgium about its rules implementing the Parent-Subsidiary Directive (90/435/EEC). The Belgian rules introduce an additional condition to those specified in article 3 of the Directive. If Belgium does not reply satisfactorily to this reasoned opinion within two months, the Commission may refer the matter to the European Court of Justice.