PURPOSE : to apply transitional periods for the application of a common system of taxation applicable to interest and royalty payments.
LEGISLATIVE ACT : Council Directive 2004/76/EC amending Directive 2003/49/EC as regards the possibility for certain Member States to apply transitional periods for the application of a common system of taxation applicable to interest and royalty
payments made between associated companies of different Member States.
CONTENT : the Council adopted a Directive amending Directive 2003/49/EC as regards the possibility for certain Member States (Czech Republic, Greece, Spain, Latvia, Lithuania, Poland, Portugal and Slovakia) to apply transitional periods for the application of a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States.
ENTRY INTO FORCE : 01/05/2004.�