English to German Bus/Financial Finance (general) EU-Zinsrichtlinie

When the PA is established in a country that has opted for the withholding tax, the PA might have to levy a withholding tax on the portion of the **distribution** that is derived from interest payments.

oder:

Chapter 4 explains the rules that the central administration has to follow to determine when, for a Luxembourg Undertaking for Collective Investment (UCI), a **distribution** or redemption is in the scope of the Directive.

oder:

ALFI considers that it's not the responsibility of the board of the Luxembourg UCI [OGAW] to determine whether an economic operator in the chain of **distribution** is a PA [Zahlstelle] according to the law of the country of establishment of the economic operator [Wirtschaftsbeteiligter].

Es geht um die EU-Zinsrichtlinie.
Zuerst dachte ich an Ausschüttung, aber ich denke, der Begriff ist an manchen Stellen allgemeiner gefasst im Sinne von Auszahlung.