Savings Directive

From Wikipedia, the free encyclopedia
  (Redirected from European Union Savings Directive)
Jump to: navigation, search
Directive 2003/48/EC
European Union directive
Title Council Directive on taxation of savings income in the form of interest payments
Made by Council of the EU
Made under Art. 94
Journal reference L 157, 2003-06-26, p. 38
Date made 2003-06-03
Came into force 2005-07-01
Preparative texts
Commission proposal C 270 E, 2001-09-25, p. 259
EESC opinion C 48, 2002-02-21, p. 55
EP opinion C 47 E, 2003-02-27, p. 553
Current legislation

The European Union Savings Directive (EUSD), formally Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments, is a directive of the European Union enacted to implement the European Union withholding tax, requiring member states to provide other member states with information on interest paid to achieve effective taxation of the payments in the member state where the taxpayer is resident for tax purposes.[1]

See also[edit]


External links[edit]