Providing solutions, ensuring compliance
The EU savings directive came into effect on 1 July 2005 and requires paying agents in the EU, EU dependent and associated territories and some European third countries making cross border interest payments to EU individuals and certain entities to report information about the interest payments to their domestic tax authorities or levy withholding tax. The EUSD, to a greater or lesser degree, affects the majority of banks, custodians, transfer agents, fund managers, administrators and fund accountants.
The PricewaterhouseCoopers
EU savings directive health check can ensure that your organisation meets the customer identification, reporting and withholding requirements under the EUSD including providing bespoke training, impact studies, technical assistance and reviews.
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