On 21 April 2016, the Council approved the conclusion of an agreement with San Marino aimed at improving tax compliance by private savers.
The agreement will contribute to efforts to clamp down on tax evasion, by requiring the EU member states and San Marino to exchange information automatically. 
This will allow their tax administrations improved cross-border access to information on the financial accounts of each other's residents. 
The agreement upgrades a 2004 agreement that ensured that San Marino applied measures equivalent to those in an EU directive on the taxation of savings income. The aim is to extend the automatic exchange of information on financial accounts in order to prevent taxpayers from hiding capital representing income or assets for which tax has not been paid. 
The new agreement was signed on 8 December 2015, when similar agreements were concluded with Liechtenstein and Switzerland. It was concluded (on 21 April) at a meeting of the Justice and Home Affairs Council, without discussion. 

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews

0

Gerelateerde artikelen