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Public Comments on Draft Implementation Package: Possible Improvements to Procedures for Tax Relief for Cross-Border Investors


16 September 2010 -- On 8 February 2010 the OECD released for public comment draft documentation (Implementation Package) for implementing a streamlined procedure for portfolio investors to claim reductions in withholding rates pursuant to tax treaties or domestic law in the source country. This release representeds the continuation of work that was begun by the Informal Consultative Group on the Taxation of Collective Investment Vehicles and Procedures for Tax Relief for Cross-Border Investors (ICG). The draft Implementation Package was developed to provide standardised documentation that could be used by countries that wish to adopt the “best practices” described in a report by the ICG released by the OECD on 12 January 2009. The report by the ICG, on “Possible Improvements to Procedures for Tax Relief for Cross-Border Investors”, discusses the procedural problems faced by portfolio investors in claiming treaty benefits faced by portfolio investors generally and makes a number of recommendations on “best practices” regarding procedures for making and granting claims for treaty benefits for intermediated structures. 


The OECD has now published the comments received on this draft Implementation Package, which can be downloaded by clicking on the links below:


Association for Financial Markets in Europe (AFME)

Association of Private Client Investment Managers & Stockbrokers (APCIMS)

British Bankers Association (BBA)

Bundesverband Investment (BVI)

Capital Markets Tax Committee of Asia

Ernst & Young

European Banking Federation

Federation Bancaire Francaise

Investment Company Institute (ICI)

Investment Management Association

International Securities Services Association (ISSA)

Japan Securities Dealers Association

Korean CIV Consultation Group ("KC2G")

Vereinigung Osterreichischer


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