# Council Decision (EU) 2015/2453Show full title

Council Decision (EU) 2015/2453 of 8 December 2015 on the conclusion, on behalf of the European Union, of the Amending Protocol            to the Agreement between the European Community and the Principality of Liechtenstein providing for measures equivalent to            those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments         

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U.K.

# Council Decision (EU) 2015/2453                     

# of 8 December 2015

# on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community                        and the Principality of Liechtenstein providing for measures equivalent to those laid down in Council Directive 2003/48/EC                        on taxation of savings income in the form of interest payments                     

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 115 in conjunction with Article                           218(6)(b) and the second subparagraph of Article 218(8),                        

Having regard to the proposal from the European Commission,

Having regard to the opinion of the European Parliament(1),                        

After consultation of the European Data Protection Supervisor,

Whereas:

(1)In accordance with Decision (EU) 2015/1994(2), the Amending Protocol to the Agreement between the European Community and the Principality of Liechtenstein providing for                              measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest                              payments (the ‘Amending Protocol’) was signed on 28 October 2015, subject to its conclusion at a later date.

(2)The text of the Amending Protocol, which is the result of negotiations, duly reflects the negotiating directive therefor issued                              by the Council, as it aligns the Agreement between the European Community and the Principality of Liechtenstein providing                              for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest                              payments(3) (the ‘Agreement’) with the latest developments at international level concerning the automatic exchange of information, namely,                              with the global standard for automatic exchange of financial account information in tax matters developed by the Organisation                              for Economic Cooperation and Development (OECD). The Union, its Member States and the Principality of Liechtenstein have actively                              participated in the work of the Global Forum of the OECD for supporting the development and implementation of that standard.                              The text of the Agreement, as amended by the Amending Protocol, is the legal basis for implementing the global standard in                              relations between the European Union and the Principality of Liechtenstein.

(3)The Amending Protocol should be approved,

HAS ADOPTED THIS DECISION:

# Article 1U.K.

The Amending Protocol to the Agreement between the European Community and the Principality of Liechtenstein providing for                     measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest                     payments is hereby approved on behalf of the European Union.                  

The text of the Amending Protocol is attached to this Decision.

# Article 2U.K.

1.The President of the Council shall, on behalf of the Union, give the notification provided for in Article 2(1) of the Amending                        Protocol(4).                  

2.The Commission shall notify the Principality of Liechtenstein and the Member States of the notifications given in accordance                        with Article 1(l)d of the Agreement as resulting from the Amending Protocol.                  

# Article 3U.K.

This Decision shall enter into force on the date of its adoption.

Done at Brussels, 8 December 2015.

*For the Council*                            

*The President*                            

P. Gramegna                            

1

Opinion of 2 December 2015 (not yet published in the Official Journal).

2

Council Decision (EU) 2015/1994 of 26 October 2015 on the signing, on behalf of the European Union, of the Amending Protocol                              to the Agreement between the European Community and the Principality of Liechtenstein providing for measures equivalent to                              those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments (OJ L 290, 6.11.2015, p. 16).                           

3

OJ L 379, 24.12.2004, p. 84.                           

4

The date of entry into force of the Amending Protocol will be published in the *Official Journal of the European Union* by the General Secretariat of the Council.