By plang on 12/1/2011 7:09 PM

The directive 2003/48/CE, foresees a revision every three years.

On September 15, 2008, a first report from the Commission was published on its economic effects and suggested a series of improvements.

Since 2008, many drafts and compromise texts were presented but the revision is blocked at the European Council level by Austria, Luxembourg and Italy.

The solutions to move forward are now:

  • Separate the extension of the savings tax directive (BO, definition of interests) from the end of the transitional period (Austria, Luxembourg)
  • Add anti-evasion penalties (Italy)
  • Ensure that 35% tax will be applied despite Rubik

EU authorities are still hoping to get an agreement before end 2011 for an application in 2014 and will publish a report on the validity of the bilateral agreements signed by Germany and United Kingdom with Switzerland.

FATCA - Formulaire 8966 pour 2015
Belgique - Nouvelle taxation des plus-values
FATCA - Opening of the Registration Website
FATCA - Draft version of form 8966
FATCA – Six-Month Extension for FATCA Withholding
There are no recent comments on this blog.