Countries Providing For The Exchange of Information
All EU Member States with the exception of Belgium (till 31.12.2009) and Austria have agreed to exchange information with each other. Belgium has decided to discontinue applying the transitional withholding tax as of 1 January 2010 and exchange information as of that date.
In Luxembourg clients can choose between exchange of information and withholding tax retention.
Gibraltar is deemed to be part of the UK for the purposes of the EU Savings Directive and thus will exchange information with other EU countries such as Spain and the UK. Residents of Gibraltar will either suffer withholding tax on interest arising overseas, or have that income reported to the UK who will pass it on to Gibraltar authorities.
Among the third countries signatories there are also, Anguilla, Cayman Islands, Montserrat and Aruba who have agreed to exchanging information.
Read more about this topic: European Union Withholding Tax
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