EU directive on savings income
The directive requires member states to exchange information automatically to enable interest payments made in one state to residents of another state to be taxed in the state of tax residence. It should enable member states to clamp down on tax fraud and evasion.
The directive covers savings income and products that generate interest or equivalent income, including life insurance contracts and investment funds.
Member states have until 1 January 2016 to adopt the necessary legislation to comply.
Date: 16th April, 2014
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole