2004/828/EC: Council Decision of 2 November 2004 concerning the signature of the Agreement between the European Community and the Principality of Andorra 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 and the approval and signature of the accompanying Memorandum of Understanding
Date: 2004-11-02
Institutions: Council of the European Union
Subjects: Andorra, agreement (EU), interest, savings, signature of an agreement, tax on income, tax system

L 359/32

EN

Official Journal of the European Union

4.12.2004

II

(Acts whose publication is not obligatory)

COUNCIL

COUNCIL DECISION

of 2 November 2004

concerning the signature of the Agreement between the European Community and the Principality
of Andorra 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 and the approval and signature of
the accompanying Memorandum of Understanding

(2004/828/EC)

THE COUNCIL OF THE EUROPEAN UNION,

HAS DECIDED AS FOLLOWS:

establishing the European
Having regard to the Treaty
Community, and in particular Article 94 in conjunction with
the first subparagraph of Article 300(2) thereof,

Having regard to the proposal from the Commission,

Whereas:

On 16 October 2001 the Council authorised the
Commission to negotiate with the Principality of
for securing the adoption by
Andorra an agreement
to those to be
that State of measures equivalent
effective
applied within the Community to ensure
taxation of savings income in the form of
interest
payments.

The text of the Agreement which is the result of the
the negotiating directives
negotiations duly reflects
issued by
a
It
the Council.
Memorandum of Understanding between the European
Community and its Member States, and the Principality
of Andorra.

accompanied by

is

(1)

(2)

(3)

Article 1

of

the

between

the Agreement

Subject to the adoption at a later date of a Decision on the
conclusion
European
Community and the Principality of Andorra providing for
measures equivalent to those laid down in Council Directive
2003/48/EC (1) on taxation of savings income in the form of
interest payments,
is hereby
authorised to designate the persons empowered to sign, on
behalf of the European Community, the Agreement and the
accompanying Memorandum of Understanding and the Letters
from the European Community which have to be exchanged in
accordance with Article 19(2) of the Agreement and the last
paragraph of the Memorandum of Understanding.

the President of

the Council

The Memorandum of Understanding is approved by the
Council.

The text of the Agreement and of the Memorandum of Under-
standing are attached to this Decision.

Article 2

This Decision shall be published in the Official Journal of the
European Union.

Done at Brussels, 2 November 2004.

Subject to the adoption at a later date of a Decision on
the conclusion of the Agreement, it is desirable to sign
the two documents that were initialled on 1 July 2004
and have confirmation of the Council approval of the
Memorandum of Understanding,

For the Council
The President

B. R. BOT

(1) OJ L 157, 26.6.2003, p.38.