Where the relevant requirements of this Directive are not met for payments within the scope of this Directive or where the investor concerned so desires, Member States should apply withholding tax relief procedures based on a national standard refund system as a fallback to the fast-track procedures laid down in this Directive. Investors that are entitled to relief or their authorised representatives should be able to reclaim the excess withholding tax paid in a Member State only where the certified financial intermediary has not made use of the relief-at-source system or the quick refund system.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
