On June 19, 2023, the European Commission published a proposal for a directive entitled "Faster and Safer Relief of Excess Withholding Taxes," better known as the "EU FASTER.
DUFAS supports the European Commission's initiative aimed at reducing administrative burdens and achieving more efficient procedures for the refund of withholding taxes withheld within member states. However, we are concerned that the EU FASTER proposal will have a negative impact on regulated investment funds. Fortunately, DUFAS is not alone in this. Together with Finance Finland and Swedish Investment Fund Association, we have issued a statement to draw attention to the shared concerns.
