ESMA makes proposals to help prevent and detect WHT reclaim schemes
ESMA Guidelines and Recommendations
Date:
09 October 2020
On 24 September 2020, the European Securities and Markets Authority (ESMA) published the
Final Report on its inquiry into Cum/Ex, Cum/Cum and withholding tax (WHT) reclaim schemes. ESMA’s key proposal is that national competent authorities (NCAs) for securities markets should be empowered to share information with the tax authorities, to assist in detecting WHT reclaim schemes.