The rules will become applicable as of January 1, 2030.
The EU Council on December 10, 2024, adopted the proposal on the Faster and Safer Tax Relief of Excess Withholding Taxes (FASTER) Directive, which includes:
The adoption represents the last step in the adoption process and the FASTER Directive will now be published in the EU Official Journal.
The rules will become applicable as of January 1, 2030.
Read a December 2024 report prepared by KPMG’s EU Tax Centre