Council of the European Union 10 December 2024, Council Directive (EU) 2025/50 of 10 December 2024 on faster and safer relief of excess withholding taxes

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Council Directive (EU) 2025/50 aims to streamline and enhance the relief of excess withholding taxes on cross-border investments in securities, addressing inefficiencies and risks of tax fraud associated with current procedures. It establishes a common framework for relief-at-source and quick refund systems, while allowing Member States to maintain their national systems under specific conditions, and mandates the use of a digital tax residence certificate (eTRC) to facilitate compliance and transparency. The directive emphasizes the need for automated procedures and clear identification of investors to improve efficiency and combat tax abuse across the internal market.AI