On the draft Council directive on Faster and Safer Relief of Excess Withholding Taxes
A-10-2024-0011
Committee on Economic and Monetary Affairs · Rapporteur: Herbert Dorfmann
- Voted on · Adopted 555–48–42 · See the decision →
- Full procedure 2023/0187
Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.
Parliament approves the Council draft directive on Faster and Safer Relief of Excess Withholding Taxes, which introduces a common EU digital tax residence certificate and two fast-track procedures for tax relief.¶¶ The directive exempts member states with comprehensive relief-at-source systems and small financial markets, and extends the entry into force to 1 January 2030.¶¶
Committee position. The rapporteur proposes that Parliament approves the proposal without amendments pursuant to a simplified procedure.¶
Key points
- Parliament approves the Council draft without amendments.¶
- The directive introduces a common EU digital tax residence certificate (eTRC) and two fast-track procedures complementing the standard refund procedure.¶
- Deadlines for eTRC issuance and quick refund are prolonged, making relief less fast than originally proposed.
- Member states with comprehensive relief-at-source systems and market capitalisation ratio below 1.5% are exempt.¶
- Financial intermediaries must register in national registers to request fast-track procedures; a European Certified Financial Intermediary Portal is created.¶
- Entry into force is extended from 1 January 2027 to 1 January 2030.¶
Who is affected
Figures and deadlines
Legal basis: Article 115 of the Treaty on the Functioning of the European Union¶