ECOFIN agrees on new rules for withholding tax procedures (FASTER)
15 May 2024
At the ECOFIN meeting of 14 May 2024, Council reached an agreement on the so-called FASTER initiative which was proposed in June 2023 (See MIT news 23 June 2023). This initiative, aims to make withholding tax procedures in the EU safer and more efficient for cross-border investors, national tax authorities and financial intermediaries, such as banks or investment platforms.
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