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

Get The Maximum Back: Withholding Tax Reclaim

How do you optimise your Withholding Tax reclaim? The simple answer is – to use a professional.
Getting the most out of your international investments could depend on how effectively you handle your foreign withholding tax (WHT) recovery. Before we get into why expert analysis is so important, let’s
discuss withholding tax.

What is foreign withholding tax?

When a company withholds tax when paying international shareholders, this is referred to as Foreign withholding tax. This could apply to dividends, interest or royalties. The quantum of withholding tax deducted differs from country to country.

Paying any amount of WHT could have a significant bearing on your investment positions. Therefore it is important to know that you can reclaim a significant portion of what was lost. However, due to the complicated foreign tax office policies and procedures required to get the tax back, it’s best to hand the process over to experts in withholding tax reclaim.

Why should you use a professional withholding tax reclaim specialist?

Using a professional tax recovery specialist has many benefits. For example:

  • 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 challenging to keep up with changing local and international tax laws.
  • Dedicated resources and staff will be applied to deal 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. Clients can be sure that their claims are in good hands which allows them to focus on what’s most important – their core business.

Data Analytics and Reporting

Foreign withholding tax experts can analyse complex data reports and provide
management with critical insight as to an investment’s exposure to foreign withholding tax. Your ability to recover foreign withholding tax influences your investment income. Hence, it is 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 which enables 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 you need. Get in touch.

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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