EU přichází se zajímavou iniciativou v oblasti srážkové daně

EU comes up with interesting withholding tax initiative

• The European Commission (EC) published a legislative proposal for a Directive setting forth rules aimed at making certain withholding tax procedures in the European Union (EU) more efficient and secure.
• The proposal includes the following main building blocks:
  • A common accelerated EU digital tax residence certificate to be issued by the investor's residence state.
  • A choice for Member States between "relief at source" procedure and a "quick refund" system or a combination of both - procedure that is compulsory for dividends from publicly traded shares and optional for interest payments on publicly traded bonds (with some exceptions such as dividends from shares acquired very shortly prior to the ex-dividend date).
  • The establishment of a national register of certified financial intermediaries (registration will be mandatory for "large financial institutions") and an introduction of a common reporting (and verification) obligations on certified financial intermediaries in the chain.
• The Commission proposes that the rules (if approved) come into effect as of 1 January 2027.

If you have any questions, please contact the author of this article or the EY tax team with whom you regularly work.

Author:

Karel Hronek