EU: Savings Tax
The EU Council has adopted the conclusions on exchange of information regarding savings taxation. The conclusions relate to a revised standard format for the exchange of information under Directive 2003/48/EC on the taxation of savings.
The conclusions are available at http://register.consilium.europa.eu/pdf/en/08/st09/st09467.en08.pdf.
In summary, the list of statistics, the principle of their disclosure and the commitment to provide these statistics in a timely manner (i.e. within 18 months following the end of the fiscal year of the exchange of information/withholding tax) aim at ensuring a proper assessment of the Directive 2003/48/EC.