The EU Commission has published a non-binding document, the Code of Conduct on Withholding Tax, which calls on EU States to improve their withholding tax procedures, particularly procedures for granting withholding tax refunds.
The document urges States to adopt quicker and more standardized procedures and adopt withholding tax relief at source systems. The code was developed around the 9 best practices on WHT procedures identified by the Commission and an expert group in the Commission Report on barriers to free movement of capital.
The Commission will hold a public hearing addressing simpler withholding tax systems for Europe on January 30.
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