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By Rosheen DRIES, EY Luxembourg Partner, Wealth and Asset Management Tax Leader
With five years to go before the application of the FASTER Directive, what are the five key considerations for the investment fund industry?
The EU Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) has been officially adopted by the Council of the European Union. This Directive aims to make withholding tax procedures safer and more efficient for cross-border investors, national tax authorities, and financial intermediaries.
FASTER introduces a common tax residence certificate enabling investors to benefit from fast-track procedures to obtain relief from withholding taxes by way of automated digital tax...
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