Traduction de «opération génératrice de revenu » (Français → Anglais) :

Operations generating net revenue after completion

Income arising from the lending of marketable debt instruments under all monetary policy-related security purchase programmes should not be considered as monetary income, since in general these operations are not recorded in the books of the national central banks of Member States whose currency is the euro (hereinafter the ‘NCBs’).

Does Article 56 TFEU preclude national tax legislation under which financial institutions not resident in Portuguese territory are subject to tax on interest income received in that territory, withheld at source at the definitive rate of 20 % (or at a lower rate if there is an agreement to avoid double taxation), a tax applied to gross income with no possibility of deducting business expenses directly related to the financial activity carried out, whereas the interest received by resident financial institutions is incorporated in the total taxable income, with deduction of any expenses related to the activity pursued when determining the profit for the pu ...[+++]rposes of corporation tax, so that the basic rate of 25 % is applied to the net interest income?

Performing dusty operations (e.g. cutting, grinding, polishing) under liquid

Declare that the Portuguese Republic has failed to fulfil its obligations under Articles 21 TFEU, 45 TFEU and 49 TFEU and Articles 28 and 31 of the EEA Agreement in adopting and maintaining in force legislation, in the form of Articles 10 and 38 of the Código do imposto sobre o rendimento das pessoas singulares (Law on the income tax of natural persons) (‘the CIRS’), pursuant to which a taxable person who (i) exchanges shares and transfers his place of residence abroad or (ii) transfers assets and liabilities relating to an activity carried out on an individual basis in return for shares in a non- ...[+++]resident company, must, in the former case, include, in relation to the transactions in question, any income not taxed in the last fiscal year in which the taxable person was still regarded as a resident taxpayer, whereas, in the latter case, he does not benefit from a deferment of tax resulting from the transaction in question;

Decision ECB/2010/23 of 25 November 2010 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (1) establishes a mechanism for the pooling and allocation of monetary income arising from monetary policy operations.