DRAFT REPORT (09925/2024 – C100002/2024 – 2023/0187(CNS)) 9 October 2024

On the draft Council directive on Faster and Safer Relief of Excess Withholding Taxes

ECON-PR-765063

Committee on Economic and Monetary Affairs · Rapporteur: Herbert Dorfmann

Full procedure 2023/0187

✦ In short · AI summary of this text, generated 4 Sept 2026

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The draft report concerns the Council directive on Faster and Safer Relief of Excess Withholding Taxes. The rapporteur proposes that Parliament approves the Council draft without amendments.¶¶

Committee position. The rapporteur proposes that Parliament approves the Council draft without amendments.¶

Key points

Parliament approves the Council draft on the directive.¶
Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament.¶
Asks the Council to consult Parliament again if it intends to substantially amend the text.¶
The directive introduces a common EU digital tax residence certificate (eTRC) and two fast-track procedures for withholding tax relief.¶
Member States with a comprehensive relief-at-source system and a 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.¶
The entry into force is extended from 1 January 2027 to 1 January 2030.¶

Who is affected

Financial intermediaries must register in national registers to use fast-track procedures.¶
Member States with small financial markets (market capitalisation ratio below 1.5%) are exempt from certain obligations.¶

Figures and deadlines

1.5% market capitalisation ratio threshold for exemption.¶
1 January 2030 entry into force.¶

Legal basis: Article 115 of the Treaty on the Functioning of the European Union¶