Council Directive 2003/48/EC
of 3 June 2003
on taxation of savings income in the form of interest payments (repealed)
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CHAPTER I

INTRODUCTORY PROVISIONS

Aim
Article 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definitions of certain terms
Article 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definition of beneficial owner
Article 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Identity and residence of beneficial owners
Article 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Paying agents
Article 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definition of competent authority
Article 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definition of interest payment
Article 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Territorial scope
Article 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER II

EXCHANGE OF INFORMATION

Information reporting by the paying agent
Article 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Automatic exchange of information
Article 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER III

TRANSITIONAL PROVISIONS

Transitional period
Article 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Withholding tax
Article 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Revenue sharing
Article 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exceptions to the withholding tax procedure
Article 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Elimination of double taxation
Article 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Negotiable debt securities
Article 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER IV

MISCELLANEOUS AND FINAL PROVISIONS

Other withholding taxes
Article 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transposition
Article 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review
Article 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Implementing measures
Article 18a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Committee
Article 18b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Entry into force
Article 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Addressees
Article 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ANNEX I

Indicative list of categories of entities and legal arrangements which are considered to be not subject to effective taxation, for the purposes of Article 2(3)
1.

Entities and legal arrangements whose place of establishment or place of effective management is in a country or jurisdiction outside the territorial scope of this Directive as defined in Article 7 and which is different from those listed in Article 17(2):
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2.

Entities and legal arrangements whose place of establishment or place of effective management is in a country or jurisdiction listed in Article 17(2), to which Article 2(3) applies pending the adoption by the country or jurisdiction concerned of provisions equivalent to those of Article 4(2):
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ANNEX II

Indicative list of categories of entities and legal arrangements which are considered to be not subject to effective taxation, for the purposes of Article 4(2)
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ANNEX III

LIST OF RELATED ENTITIES REFERRED TO IN ARTICLE 15
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ANNEX IV

LIST OF ITEMS FOR STATISTICAL PURPOSES TO BE PROVIDED ANNUALLY BY MEMBER STATES TO THE COMMISSION
1.

Economic items
1.1.

Withholding tax:
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1.2.

Amount of interest payments/sales proceeds:
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1.3.

Beneficial owner:
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1.4.

Paying agents:
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1.5.

Paying agents upon receipt:
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2.

Technical items
2.1.

Records:
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2.2.

Processed/corrected records:
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3.

Optional items:
3.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repealed by Council Directive (EU) 2015/2060 of 10 November 2015 repealing Directive 2003/48/EC on taxation of savings income in the form of interest payments.