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As the end-recipient of cross-border investment income (a “beneficial owner”) it
is likely that an investor is entitled to reclaim some or all of the tax
withheld on such income. These funds are usually available for reclaim for a set
period, called the Statute of Limitations, which varies by tax jurisdiction and
treaty. As a result, investors who have not engaged in tax reclamation in the
past often receive a “windfall” benefit, as they may be entitled to multiple
years of retroactive recovery. However, if the beneficial owner does not apply
to reclaim these entitled funds within the Statute of Limitations period, the
entitlement benefit is lost forever.
Most beneficial owners do not have the knowledge or processing infrastructure
required to identify potential entitlements and successfully reclaim
over-withheld tax on their own. GlobeTax monitors portfolio income and
identifies all potential entitlements. On an ongoing basis, GlobeTax compiles
and maintains all necessary documentation, prepares and files reclaim
applications on our clients’ behalf. GlobeTax carefully guides each application
through the necessary channels, ultimately crediting reclaimed funds directly to
the beneficial owner’s account.
GlobeTax supports beneficial owners in over 40 countries worldwide. We file over
two million reclaims a year on behalf of our clients, working in all available
recovery markets.
This service is available for all beneficial owner types, including:
- Asset Managers
- Corporations
/Endowments/Foundations
- Hedge Funds
- HNW/Family Offices
- Mutual Funds
- Nominees
- Omnibus Accounts
- Partnerships
- Pension Funds
- Proprietary Trading Funds
- SICAVs
- Sovereign Entities and Wealth Funds
- Trusts
- UCITS III Funds
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