Savings Directive

{{Infobox EU legislation

|type=Directive

|number=2003/48/EC

|title=Council Directive on taxation of savings income in the form of interest payments

|madeby=Council of the EU

|madeunder=Art. 94

|OJrefurl=

|OJref=L 157, 2003-06-26, p. 38

|made=2003-06-03

|commenced=2005-07-01

|implementation=

|CommProp=C 270 E, 2001-09-25, p. 259

|ESCOpin=C 48, 2002-02-21, p. 55

|ParlOpin=C 47 E, 2003-02-27, p. 553

|Reports=

|replaces=

|amends=

|amendedby=

|replacedby=Directive 2014/107/EU

|status=Repealed

}}

The European Union Savings Directive (EUSD), formally Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments, was a directive of the European Union enacted to implement the European Union withholding tax, requiring member states to provide other member states with information on interest paid to achieve effective taxation of the payments in the member state where the taxpayer is resident for tax purposes.{{cite web|url=https://www.gov.uk/government/publications/european-union-savings-directive-eusd-exchange-of-information-and-witholding-tax|title=European Union Savings Directive (EUSD): exchange of information and withholding tax - GOV.UK|website=www.gov.uk|accessdate=6 November 2017}}

It was an anti-tax evasion measure, similar to FATCA.{{Cite book|title=The Hidden Wealth of Nations|last=Zucman|first=Gabriel|publisher=University of Chicago Press|year=2015|isbn=978-0-226-24542-3|location=United States of America|pages=62 to 73}} It was repealed on 10 November 2015, in favor of Directive 2014/107/EU.{{cite web |title=Repeal of the Savings Directive in line with international and EU developments |url=https://ec.europa.eu/taxation_customs/individuals/personal-taxation/taxation-savings-income/repeal-savings-directive-line-with-international-eu-developments_en |website=Taxation and Customs Union |publisher=European Commission |access-date=25 January 2021 |language=en |date=13 September 2016}}