The Only Constant is Change: The Latest Trends in WHT and WHT Recovery
It’s often said that the only constant in life is change, and that the only certainties are death and taxes. Withholding tax on investment income is undoubtedly one of these certainties, but the industry is on the cusp of momentous shifts in the way taxes are levied, recovered and tracked.
What You Need to Know About Proposed Changes to Danish Dividend Withholding Tax Law
Recently proposed amendments to Denmark’s tax laws are expected to rectify the discriminatory withholding tax treatment of certain comparable Danish and foreign entities.
Everything You Need to Know About Double Tax Treaty Withholding Tax (WHT)
Understanding the Basics of Double Taxation on Investment Income Put simply, double taxation occurs when two countries tax the same income.
Is Hong Kong the World’s Next Fund Hub?
In February 2021, Hong Kong’s Financial Services and The Treasury Bureau (FSTB) issued a proposal for easier migration of foreign funds to Hong Kong, in order to encourage more locally domiciled funds and thereby boost the investment market in Hong Kong.
How to Capitalise on EU Law-Based Withholding Tax Reclaims
In the world of cross-border tax, it has been challenging for the European Commission to harmonise the different regulations and laws that govern EU-law based withholding tax reclaims. This adds complexity for institutional investment firms which need to navigate the withholding tax reclaim opportunities available to them through double taxation treaty agreements and previous tax discrimination case law commonly known as European Court of Justice claims.
Is a Complicated Tax Reclaim Process Leaving Pension Funds Out of Pocket?
Pension funds are usually tax-exempt in their home country but this is not always the case when they hold investments in foreign jurisdictions and, in most cases, the onus is on the pension fund to prove its tax-exempt status, when trying to reduce or eliminate foreign withholding taxes on investment income. Despite the availability of tax exemptions from foreign tax authorities, pensions funds don’t always maximize the refund opportunities available. The increased complexity and volume of documentation required by international tax authorities has resulted in an ever-growing backlog of...
The Benefits of Outsourcing the Withholding Tax Reclaim Function
The asset management industry was in a state of flux, even before Covid-19, with an increased emphasis on the reduction of costs and the maximisation of returns. Meeting and even exceeding the demands of clients has become the norm and clients expect their investment managers to be at the forefront of the latest technologies and solutions.
Withholding Tax on Separately Managed Accounts – An Overlooked Opportunity?
Introduction to SMAs Separately Managed Accounts (SMAs) are portfolios of individual assets managed by a professional money manager on behalf of an investor. Instead of investing in traditional mutual funds or Exchange Traded Funds (ETFs), where securities are pooled or track an index, SMAs allow investors to own the assets directly. SMAs have traditionally been reserved for high net worth individuals or institutional investors as the account minimums usually range between $100k-$250k or higher. Not only does this allow investors to take advantage of their personal tax situations but it adds...