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EU Eyes Plan to Make Withholding Tax Easier for Investors (1)

Sept. 29, 2021, 11:04 AMUpdated: Sept. 29, 2021, 1:07 PM

The European Union wants to standardize systems throughout the bloc for claiming withholding tax relief on cross-border securities investments.

EU investors could save more than 8 billion euros ($9 billion) per year if a more harmonized system for claiming back withholding taxes led to easier and quicker refunds, and reduced double taxation, the European Commission, the EU’s executive, said in a consultation document released Tuesday.

  • Options could include more cooperation between tax authorities, introduction of standardized forms and procedures, or “a fully-fledged common EU relief at source system” in which correct withholding taxes would automatically be applied in ...

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