With over 16 years of tax consultancy experience within the financial service industry, Maria Teresa is Tax Service Business Manager for Luxembourg & Ireland at BNP Paribas Luxembourg Branch, Securities Services business. Prior joining BNP Paribas in February 2022, Maria Teresa has been a Tax Director at PwC Luxembourg. Maria Teresa is member of tax committees at ALFI and ABBL industry associations. She holds a Diploma in Luxembourg taxation of the Luxembourg Chamber of Commerce and holds an Advanced Degree in International Finance and Economics from the University of Bologna. She is Italian and fluent in English and French.
Investment funds often face obstacles which constitutes actual barriers to cross-border investment when trying to access reduced withholding tax rates or exemptions in source countries. The proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER), released on 19 June 2023, has created expectations for EU harmonised rules that simplify the process for obtaining relief at source or refund of excess withholding tax borne by investors. The panel will discuss the legal and implementation challenges raised by the FASTER Directive to effectively enable end investors access withholding tax relief and/or quick refund systems and eliminate tax barriers to cross-border investment.
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Tax Service Business Manager
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