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Why Use an Expert to Analyse your Foreign Withholding Tax (WHT) Positions?

Get The Maximum Back: Withholding Tax (WHT)

How do you optimise your Withholding Tax returns? The simple answer is – use a professional. Getting the most out of your international investments could depend on how well your foreign WHT recovery is being handled. Before we get into why expert analysis is so important, let’s discuss WHT.

What is foreign withholding tax?

Foreign withholding tax is the tax withheld by a company when paying shareholders. This could apply to dividends, interest or royalties. The quantum of withholding tax (WHT) deducted differs from country to country. Paying any amount of WHT could have a significant bearing on your investment positions. It is important to know that you can reclaim a significant portion of what was lost. However, due to complicated foreign tax office policies and procedures required to get the tax back, it’s best to hand the process over to experts in tax recovery.

Why should you use a professional tax recovery specialist?

Using a professional tax recovery specialist has many benefits.
  • It adds significant incremental yield to an investment.
  • It saves time and frustration experienced when navigating the many complicated administrative burdens, language barriers, bureaucracy and red tape associated with the refund process.
  • The tax landscape is ever-evolving, making it more difficult to keep up with changing local and international tax law.
  • Dedicated resources and staff will be applied to dealing with your specific questions and challenges.
  • It provides investors with the comfort of knowing that their global tax recoveries are being handled in the most efficient manner possible. Allowing them to focus on what’s most important – their core business.

Data Analytics and Reporting

Foreign withholding tax experts will be able to analyse complex data reports and provide management with critical insight as to an investment’s exposure to foreign withholding tax. Your investment income is directly influenced by your ability to recover foreign withholding tax. It’s important to have someone with the technical know-how to dissect data and assist in identifying all available recoverable opportunities. Global tax reclaim specialists can assist with the following, to help you make informed decisions about your holdings:
  • Identifying the probability that you will receive a foreign tax reclaim
  • Consolidating data
  • Submitting documentation to the applicable tax office
  • Monitoring the status of submitted WHT claims
  • Projecting repayment dates
  • Keeping a record of all submissions, enabling you to assess the financial impact of your foreign withholding tax over a period of time.
At Global Tax Recovery, we can offer you the professional assistance that you need.

FAQs

How can I be assured of a foreign tax reclaim? A tax reclaim is never guaranteed – but we will always ensure that the maximum possible recovery is secured using cutting-edge technology and our global expertise. Note that any information herein is purely informational and is not intended as, nor does it constitute, financial, tax, legal, investment, or other advice.

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