FASTER – The Challenges and How to Overcome Them
Proposed by the European Commission in 2023, FASTER aims to modernise how cross-border investors obtain withholding tax relief. While the policy ambition is clear, experience suggests the practical implementation may be more complex.
Useful parallels can be drawn with the implementation of the Common Reporting Standard (CRS). Introduced in 2014, the CRS only became fully operational following several phased adoption waves between 2017 and 2021.
What challenges does FASTER present? What lessons can be learned from the implementation of CRS? And how can specialist withholding tax reclaim providers help facilitate FASTER implementation?
Our Chief Revenue Officer, Sarah French, explores these questions in her latest article for Tax Rebate Services.
You can read the full article here.
