Swedish Withholding Tax Case Win For US Investment Fund Spells Good News for Other Foreign Investors
Last month, the Swedish Supreme Administrative Court issued a milestone judgement stating that Swedish tax authorities should not deny withholding tax refunds (that were requested based on EU Law) to a US investment fund, based on the Fund’s legal structure.
WHT Refund Granted to Spanish Pension Fund by Italian Supreme Court
In several judgements regarding withholding taxes on Italian investment income, it came as a surprise to many when Italian tax courts found that the dividend withholding tax (WHT) regime applicable to non-resident recipients may be seen to be discriminatory in certain cases and thus in violation of the principle of the free movement of capital as evidenced by CJEU case-law. This line of reasoning has recently been upheld by the Italian Supreme Court (Corte di Cassazione) in their judgement (No. 1967/2020 published on 29 January 2020) where it ruled that a Spanish pension fund should be...
Withholding Tax: What Happens Post the Brexit Transition Period?
The 31st of January has come and gone and the UK has officially left the European Union. As the sign read outside the European parliament; “It’s not goodbye, it’s au revoir”. But let’s talk about goodbye.
Pension Funds, Are You Claiming the Withholding Tax that is Rightfully Yours?
Pension funds are often entitled to reclaim 100% of their withholding tax (WHT) on foreign investment income. But do all Pension Funds know this is the case? Are you claiming the full amount that is owed to you? With over $200bn in taxes withheld from pension funds alone globally, you should ask, how much of it belongs to you.
Finland Taxation Changes Spell Big Opportunities for Foreign Investors in 2020
Foreign investors should take advantage of the 2019-passed amendments to Finnish legislation related to the taxation of investment funds. These amendments came into force on January 1st 2020 and are aimed at making Finland a more attractive investment market as well as allowing Finnish investment management firms to explore international investment opportunities without added taxation costs.
The W-8BEN-E Form: Using it for Withholding Tax Benefits
For many global investment management companies, the completion of the W-8BEN-E form is complicated. Ultimately, the lack of understanding over its completion infringes on many investment firms’ ability to receive US dividend or interest payments at the treaty rate. This is especially true for those investment firms in developing countries. This guide explains the purpose of the IRS’s W-8BEN-E form within the context of foreign withholding tax and what role it plays within the US’s FATCA process.
Ireland: Withholding Tax Rates Hiked up by 5% in 2020
Investors in Ireland must prepare for increased withholding tax rates in 2020 as Ireland increases the withholding tax rate in an effort to create a revenue boost to their exchequer.
Foreign Investments: The Challenges of Withholding Tax
2020 looks set to be the year where investors secure profitable growth by venturing into new demographic segments and geographies, leaving their comfort zones to perform new activities and harnessing investment technology to unlock agility and value (source). But despite technological uptake and a more explorative approach to investing, most investors are still completely in the dark when it comes to the complex maze that is foreign dividend withholding tax benefits – An often overlooked aspect of profit contribution despite it adding considerably to ROI.