Summary
The European Parliament has approved an agreement with San Marino to automatically exchange financial account information. This measure is designed to combat tax evasion and ensure savings income is properly taxed. 10 27.05.2016
Other
economy
taxation
european union
public administration
international relations
Key points
- The agreement updates and strengthens the tax cooperation framework between the EU and San Marino.
- The automatic exchange of financial account information is scheduled to begin in 2017.
- The scope of shared information is expanded to include not only interest and dividends but also total account balances and proceeds from the sale of financial assets.
- The agreement is based on specific legal provisions within the Treaty on the Functioning of the European Union.
Documents (PDFs)
REPORT on the proposal for a Council decision on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community and the Republic of San Marino providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments
EU-San Marino agreement on the automatic exchange of financial account information*
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