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.
The Real Cost of Delays in Withholding Tax Recovery
In today’s financial world, the time value of money is more important than ever. Waiting to recover your excess withholding tax and incurring tax which could be avoided upfront could mean missed opportunities for reinvestment and growth.
Are US RICs Suffering Excess Withholding Tax?
For US fund managers, managing cross-border investments comes with its own set of challenges, particularly regarding taxes. One of the most significant issues is withholding tax leakage on dividend and interest income from foreign investments.
Spotlight on WTax’s People and Development Department: An Interview with Nicole Lieman
At WTax, the driving force behind our success is not only our cutting-edge services but our exceptional people. Nicole Lieman, Head of People and Development, shares the story of WTax’s journey, its commitment to fostering a positive workplace, and how the company continues to attract and retain top talent.
How Withholding Tax Recovery Supports ESG-Aligned Asset Management
In today's investment landscape, environmental, social, and governance (ESG) considerations are more important than ever. Institutional investors and asset managers are expected to align their practices with these principles.