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EU adopts new rules on the taxation of savings income

25.03.14 @ 09:26

  1. By EUOBSERVER

After six years of negotiations, EU ministers on Monday formally approved the new Savings Tax Directive meant to crack down on tax evasion. From 1 January 2016 member states are obliged to exchange information automatically so interest payments get taxed, including on life insurance contracts and investment funds.

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