Database on German and European Economic Law

 Directive 2003/48/EC

I. Description

The ultimate aim of this Directive is to enable savings income in the form of interest payments  made in one Member State to beneficial owners who are individuals resident in another Member State to be  made subject to effective taxation in accordance with the laws of the latter Member State. The aim of this Directive can best be achieved by targeting interest payments  made or secured by economic operators established in the Member States to or for the benefit of beneficial owners who are individuals resident in another Member State.


Since the objective of this Directive cannot be sufficiently achieved by the Member States, because of the lack of any coordination of national systems for the taxation of savings income, and can therefore be better achieved at Community level, the Community may adopt measures in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty. In accordance with the principle of proportionality, as set out in that Article, this Directive confines itself to the minimum required in order to achieve those objectives and does not go beyond what is necessary for that purpose.

II. General Information

Title

Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments

Status
Repealed
Directive
2003/48/EC
Source
O.J. EC No L (Legislation), Edition 157, Year 2003, p.38
Adoption
06/03/2003
Promulgation
06/26/2003
Character
Regular Act
Legal Basis
Art. 94 EC
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

  2014/48/EU

Beschluss:
03/24/2014 (A)
Verkuendung:
04/15/2014 (P)

Original Text :
Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments

  2003/48/EC

Beschluss:
06/03/2003 (A)
Verkuendung:
06/26/2003 (P)
(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions