As an investor, you are entitled to reclaim tax which has been over-withheld on your cross border investment income. Unlike hedge funds or other investment entities, end investors are the ultimate beneficial owners of the securities they hold. Because of this, independent investors, institutional investors and high net worth individuals are uniquely qualified to recover over-withheld taxes. They are generally viewed as single legal entities by foreign tax authorities, and as such have far fewer structures that must be “unraveled” in order to successfully recover the funds to which they are entitled. However, most end investors do not have the requisite knowledge about tax recovery to file for reclaims on their own, and often can't be certain that their broker or custodian is performing this service for them.
GlobeTax provides a specialized service to recover over-withheld tax for all types of investors. We act on your behalf to identify potential entitlements, file reclaims, and ultimately credit your account directly with all funds recovered. To find out more about how GlobeTax can help you keep more of your investment income, please contact us. US investors click here for IRS rules about claiming a foreign tax credit (deduction) on foreign withholding. One cannot legally deduct the amount that is eligible for recovery.