Faster and Safer Relief of Excess Withholding Taxes

by name voted on 14.11.2024

Summary

A proposal to modernize and digitalize EU withholding tax procedures to speed up refunds for investors and prevent large-scale tax fraud.

10 14.11.2024

Report

economy

taxation

human rights

european union

public administration

administrative reform

business and competition

simplification of legislation

financial institutions and credit

information technology and data processing

Key points

The proposal aims to modernize withholding tax procedures to support the Capital Markets Union and protect retail investors.
A common framework will be established using digitalized, automated tools like electronic tax residence certificates.
Member States are encouraged to issue electronic tax residence certificates within three working days of a request.
The directive envisages a 'quick refund' procedure where taxes are returned within a maximum of 50 days.

Vote

PPE

S&D

PfE

ECR

Renew

Verts/ALE

The Left

NI

ESN

Total

Documents (PDFs)

DRAFT REPORT on the proposal for a Council directive on Faster and Safer Relief of Excess Withholding Taxes REPORT on the proposal for a Council directive on Faster and Safer Relief of Excess Withholding Taxes DRAFT REPORT on the draft Council directive on Faster and Safer Relief of Excess Withholding Taxes REPORT on the draft Council directive on Faster and Safer Relief of Excess Withholding Taxes Faster and Safer Relief of Excess Withholding Taxes Faster and Safer Relief of Excess Withholding Taxes

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