Annotation on the Judgment of the Court of Justice (Second Chamber) of 15 September 2022 in Case C-705/20 Fossil (Gibraltar) Ltd v Commissioner of Income Taxation
The preliminary ruling of the Court of Justice in Case C-705/20 addressed the question of whether and how to adjust foreign tax payments of an aid recipient company against the amount of recoverable aid following Commission Decision 2019/700 of 19 December 2018. The Court of Justice ruled that the Commission decision does not prohibit the national authorities from applying domestic tax law to offset tax paid by the aid recipient abroad against taxes for which it is liable in Gibraltar.