The European Union Savings Directive (EUSD), formally Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments, was a directive of the European Union enacted to implement the European Union withholding tax, requiring member states to provide other member states with information on interest paid to achieve effective taxation of the payments in the member state where the taxpayer is resident for tax purposes.[1]
^"European Union Savings Directive (EUSD): exchange of information and withholding tax - GOV.UK". www.gov.uk. Retrieved 6 November 2017.
^Zucman, Gabriel (2015). The Hidden Wealth of Nations. United States of America: University of Chicago Press. pp. 62 to 73. ISBN978-0-226-24542-3.
^"Repeal of the Savings Directive in line with international and EU developments". Taxation and Customs Union. European Commission. 13 September 2016. Retrieved 25 January 2021.
External linksedit
Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments: Text of the Directive (as amended)
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savings, directive, european, union, eusd, formally, council, directive, 2003, june, 2003, taxation, savings, income, form, interest, payments, directive, european, union, enacted, implement, european, union, withholding, requiring, member, states, provide, ot. The European Union Savings Directive EUSD formally Council Directive 2003 48 EC of 3 June 2003 on taxation of savings income in the form of interest payments was a directive of the European Union enacted to implement the European Union withholding tax requiring member states to provide other member states with information on interest paid to achieve effective taxation of the payments in the member state where the taxpayer is resident for tax purposes 1 Directive 2003 48 ECEuropean Union directiveTitleCouncil Directive on taxation of savings income in the form of interest paymentsMade byCouncil of the EUMade underArt 94Journal referenceL 157 2003 06 26 p 38HistoryDate made2003 06 03Came into force2005 07 01Preparative textsCommission proposalC 270 E 2001 09 25 p 259EESC opinionC 48 2002 02 21 p 55EP opinionC 47 E 2003 02 27 p 553Other legislationReplaced byDirective 2014 107 EURepealedIt was an anti tax evasion measure similar to FATCA 2 It was repealed on 10 November 2015 in favor of Directive 2014 107 EU 3 See also editEuropean Union withholding tax US Foreign Account Tax Compliance ActReferences edit European Union Savings Directive EUSD exchange of information and withholding tax GOV UK www gov uk Retrieved 6 November 2017 Zucman Gabriel 2015 The Hidden Wealth of Nations United States of America University of Chicago Press pp 62 to 73 ISBN 978 0 226 24542 3 Repeal of the Savings Directive in line with international and EU developments Taxation and Customs Union European Commission 13 September 2016 Retrieved 25 January 2021 External links editDirective 2003 48 EC of 3 June 2003 on taxation of savings income in the form of interest payments Text of the Directive as amended nbsp nbsp This article relating to European Union law is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Savings Directive amp oldid 1153935088, wikipedia, wiki, book, books, library,
