EU Council of Ministers adopts new rules on the taxation of savings income


The EU Council of Ministers has adopted a Directive strengthening EU rules on the exchange of information on savings incomes, aimed at enabling the Member States to better clamp down on tax fraud and tax evasion.

This follows a European Council agreement reached on 20 March. For further information see the Council press release, the European Council conclusions, point 4, and EU Tax Commissioner Algirdas Šemeta’s statement

For explanations on the EU Savings Taxation Directive, see the presentation prepared by the European Commission’s services and the frequently asked questions (MEMO/14/172).