What types of income are covered by the STD?
Savings income is covered, which means essentially interest earned on bank deposits, interest from, and proceeds on the sale or redemption of, certain bonds and income from certain types of investment funds (principally open-ended money market retail funds). See above for a fuller definition. Which countries are covered by the STD? All Member States of the EU, and a number of third countries and dependent territories. There is a full list of these countries and territories in the Table above. How will the Directive affect my income? If your income is covered by the Directive, the entity paying you (bank, fund etc) either deducts tax from it (20% at present) or reports the income to your home tax authority. If I receive income in the country where I reside, is it affected? No. The Directive applies only to income you receive in affected countries or territories which are outside your country of residence. I live in the USA. Am I affected by the Directive? No. The US has not accepted the
