The EU’s upcoming FASTER Directive aims to modernize and harmonize withholding tax procedures across Europe by 2030 – but new research suggests that financial institutions may not be fully prepared for the shift.

To better understand the industry’s perspective on FASTER, Clearstream, RAQUEST, and Munich Business School conducted a survey of over 100 financial services professionals from the EU. The study assessed levels of awareness, preparedness, and the key challenges institutions expect to face in implementing FASTER. The results reveal a gap between awareness and readiness.