After ten compromise texts and two years of political debate, agreement has finally been reached on new rules for EU withholding tax procedures. Paul Radcliffe and Reinhart Devisscher (EY) examine the detail and consider what’s next.
After ten compromise texts and two years of political debate the European Member States reached political agreement on the FASTER Directive during the Economic and Financial Affairs Council (ECOFIN) meeting of 14 May 2024. The Directive must be transposed into Member States’ national law by 31 December 2028 with a go-live date set for 1 January 2030.
The Directive seeks to strike the right balance between the needs of all stakeholders involved. Governments want more better and faster financial data to tackle and prevent abusive withholding tax (WHT) reclaims. Cross-border investors desire processes that support frictionless cross-border investments and ensure the right amount of tax is paid at the right...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
After ten compromise texts and two years of political debate, agreement has finally been reached on new rules for EU withholding tax procedures. Paul Radcliffe and Reinhart Devisscher (EY) examine the detail and consider what’s next.
After ten compromise texts and two years of political debate the European Member States reached political agreement on the FASTER Directive during the Economic and Financial Affairs Council (ECOFIN) meeting of 14 May 2024. The Directive must be transposed into Member States’ national law by 31 December 2028 with a go-live date set for 1 January 2030.
The Directive seeks to strike the right balance between the needs of all stakeholders involved. Governments want more better and faster financial data to tackle and prevent abusive withholding tax (WHT) reclaims. Cross-border investors desire processes that support frictionless cross-border investments and ensure the right amount of tax is paid at the right...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
32a4deaf-293d-437c-90c5-805a2ced9bc5.jpg?sfvrsn=5e087fb9_1)
