Change on the horizon for EU withholding taxes

The move towards a standardised system across the EU for withholding taxes would bring numerous benefits, but there are still some details to be worked out, explains Carlos Silva, senior tax solution manager, Xceptor

Change on the horizon for EU Withholding Taxes

In early 2023 the European Commission (EC) is due to announce the next steps in its initiative to launch an EU-wide system for withholding taxes. Following a public consultation, which closed in June 2022, the EC has been analysing the results of its research and discussing the findings in more detail with relevant stakeholders. The impact assessment is set to conclude this December, with a proposal Directive for a new withholding tax framework expected to be published by the end of Q1 2023.

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