IDEAS home Printed from https://ideas.repec.org/a/aza/jsoc00/y2024v17i1p43-55.html
   My bibliography  Save this article

Streamlining cross-border withholding tax procedures in the EU : EU FASTER and Germany’s MiKaDiv regulation

Author

Listed:
  • Göb, Wolfgang

    (Software Daten Service Gesellschaft m.b.H., Austria)

Abstract

With the recent adoption of the European Union (EU) FASTER directive, the EU intends to act against the practical hurdles for a proper taxation of cross-border income payments. At the same time, Germany is implementing the Act to Modernize the Relief from Withholding Tax and the Certification of Capital Gains Tax (ABzStEntModG) and with this, the Mitteilungsverfahren Kapitalertragsteuer auf Dividenden und Hinterlegungsscheine (MiKaDiv) reporting regulation, which aims at both the modernisation of withholding tax procedures and at anti-abuse measures, as a result of the experience with cum/cum and cum/ex tax fraud. Both regulations will have a significant impact on the processing of cross-border income payments by financial intermediaries. EU FASTER requires the implementation of new reporting regimes and will potentially change the way income payments are processed, and requires certain intermediaries to offer new services for tax relief or refund.

Suggested Citation

  • Göb, Wolfgang, 2024. "Streamlining cross-border withholding tax procedures in the EU : EU FASTER and Germany’s MiKaDiv regulation," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 17(1), pages 43-55, December.
    • Handle: RePEc:aza:jsoc00:y:2024:v:17:i:1:p:43-55
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/8813/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/8813/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    withholding tax; EU FASTER; cross-border taxation;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jsoc00:y:2024:v:17:i:1:p:43-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.