The Power of Data Consolidation in Asset Management & Withholding Tax Recovery
For asset managers working with multiple custodians, data fragmentation presents a significant challenge—one that affects not just operational efficiency but also the ability to maximise withholding tax recovery. Each custodian provides data in different formats, through separate portals, and at varying levels of detail. As a result, firms often struggle to gain full visibility into their portfolio positions and, critically, their tax exposures and reclaims.
Enhancing International Investment Returns: Addressing Withholding Tax Leakage for Canadian Investors
Canadian institutional investors frequently face challenges in recovering excess withholding tax (WHT) levied on their international investments. Over withheld tax often remains unrecovered due to jurisdictional complexities and extensive administrative requirements, impacting financial performance. This article explores the common issues Canadian investors face, the significant impact of WHT leakage on returns, and best practices for effective recovery. It also highlights the unique support WTax provides, including tailored solutions for various Canadian fund types and strategies that align...
Spotlight on WTax’s Partnerships
As a global leader in withholding tax recovery, WTax is committed to helping investors reclaim taxes efficiently while navigating the complexities of international tax regulations. With a deep focus on innovation, client-centric solutions, and the use of advanced technology, WTax continues to push the boundaries of what’s possible in tax relief services. In previous interviews, we’ve explored the vital roles of WTax’s service and tech teams—each of which plays a crucial part in delivering seamless tax recovery services to clients across the globe. In this edition of our ongoing series, we...
Resilience and Precision in 2025 Investment Management: The Role of Withholding Tax Recovery
As we step into 2025, the investment management landscape demands heightened resilience and operational precision. With global markets exhibiting volatility and fund managers striving to optimise returns, identifying avenues for efficiency and value enhancement is crucial.
A 2024 Year-End Review: Milestones, Insights, and Innovations in Withholding Tax Recovery
As we close the chapter on 2024, the withholding tax recovery landscape has undergone many shifts marked by regulatory advancements, court rulings, and technological innovations. Throughout this dynamic year, WTax has continued to lead the way, helping clients maximise recoveries and navigate complexities with precision and expertise.
Poland Opens Consultation to Extend Pay & Refund Mechanism Implementation
Proposed Extension of ‘Pay and Refund’ Mechanism in Poland The Polish Ministry of Finance has opened a consultation on extending the temporary exemption for paying and withholding agents from monitoring and withholding flat-rate taxes on income paid to non-resident investors, under the “pay and refund” mechanism (MPR).
Favorable CJEU Judgement for Non-Resident Unit-Linked Insurance Companies with Dutch Investments
On 7 November 2024, the Court of Justice of the European Union (CJEU) delivered a significant ruling in Case C-782/22, addressing the discriminatory nature of the Dutch dividend withholding tax regime concerning non-resident unit-linked insurance companies. This decision underscores the EU's dedication to upholding the free movement of capital under Article 63 TFEU, particularly in matters related to dividend withholding tax.
Spotlight on WTax’s Tech Team: An Interview with Ashley Gritzman
At the heart of WTax’s ability to stay ahead in the rapidly evolving world of withholding tax recovery is its cutting-edge technology and innovative solutions.