The Code of conduct on withholding tax (WHT) is one of the main deliverables of the Capital Markets Union (CMU) action plan in the area of taxation. Its implementation will address the longstanding problems of long delays and high costs faced by investors seeking to claim withholding tax refunds.
The European Commission, together with tax experts from EU countries, has prepared the code to encourage Member States to establish quicker, standardised refund procedures and adopt WHT relief-at-source systems.
The public hearing will offer the chance to present the code to stakeholders and have a lively exchange of views. The half-day event will include two panel discussions:
- on the current state of play:
- Why are the WHT procedures costly and lengthy?
- To what extent implementing the code would improve the situation?
- On specific issues like:
- How to make sure the code actually leads to change?
- What are the actions and commitments needed to implement it?