You work hard to earn
dividends, we make sure you receive the full amount
due to you
Global Tax Recovery are global specialists that provide international investors with a simple and seamless turnkey solution to recovering excess withholding taxes on foreign dividends.
Countries impose withholding taxes on dividends paid to nonresidents because it would be extremely difficult, if not impossible, to collect the tax once the dividend has been paid. In order to avoid such situations, taxes are deducted from the dividend payment before it is paid to the investor.
Historically a large portion of withholding taxes were seldom recovered due to a combination of complicated policies of foreign tax authorities and a minefield of complex procedures. However, when one takes into consideration that effective global tax reclamation can enhance the performance of a portfolio by upwards of 250 basis points or 2.5%, recovering withheld dividends can no longer be ignored.
Our thorough knowledge and understanding of complex international tax law, combined with our company’s extensive geographical footprint ensures that we resolve your specific
claims both successfully and timeously.
With Global Tax Recovery you never lay out any money. Any fee charged is contingent and deducted from the successful recovery of dividends that were previously withheld. If we can’t recover you pay nothing!
The process to file a reclaim can be intricate, with distinct procedures, specific languages, filing requirements and cultural nuances in virtually every country. The good news is that, in order to recover your dividends, all we need is data and documentation. With these two resources we can apply our knowledge and experience to your claims, while you focus on your core business
WHAT WE DO
After more than 40 years of excellence, being at the forefront of auditing and business advisory services, we identified specialised financial services needed by global investors to recover foreign taxes. Global Tax Recovery was born out of the need to save others the wasted time and frustration that we experienced when dealing with foreign governmental authorities. Red tape, language barriers and excessively complicated administrative procedures are just a few of the many challenges one faces when pursuing governmental relief. As global withholding tax specialists, Global Tax Recovery will handle the process of recovering your foreign withholding tax from beginning to end. We will ensure that the maximum
recovery is reclaimed in the shortest possible time.
WHAT SETS US APART?
An obsession with customer service and satisfaction as well as an authentic commitment to making this process hassle free, seamless and cost efficient for our clients.
We use cutting-edge technology and adhere to the strictest protocols. Our ISO 27001 compliant technology ensures all claims are handled efficiently, guaranteeing the highest level security and confidentiality for our clients.
NO RECOVERY - NO FEE
We are so confident in our ability to reclaim your tax that we only charge a fee if your claim is recovered successfully.
We take all the effort out of the claims process and ensure that every client receives individual attention. We manage the administrative burden and ensure a hassle-free seamless claim process
We have a global network of specialists, so wherever a claim needs to be made, out local teams are on the ground waiting to assist. These teams are able to meet any client’s specific needs and are experts in their local jurisdictions.
Not only will we ensure that the maximum possible recovery is secured, we will endevour to do this in the shortest possible time.
ONLINE CLIENT PORTAL
Using our industry-leading technology, we have developed an online client portal that is simple and effective to use. This portal enables our clients to conveniently monitor the reclaim process in real time.
HOW THE RECLAIM PROCESS WORKS
DiviBack™ was created by Global Tax Recovery to facilitate the solicitation, collection, processing and storage associated with the reclamation of foreign withholding tax.
DiviBack™ securely solicits, collects, processes, shares and stores confidential tax documentation connecting the various participants in the reclamation process.
Where appropriate, DiviBack™ eliminates the need to send paper from point A to point B and allows the easy sharing and reuse of tax documentation in its secure electronic environment.
Our FinTech has been specifically designed for secure online and offline use. Our virtual and physical security options are designed to securely back up and store information, wether to the cloud or with Global Tax Recovery’s physically secured hardware.
A PRACTICAL EXAMPLE
OF HOW WITHHOLDING TAX WORKS
When Richemont/Nestlé (Swiss Domiciled Companies) pay a dividend of R1000 - it immediately gets taxed at the Swiss Statutory Tax Rate of 35% (R350) irrespective of who the shareholder is.
However due to a Double Tax Agreement between South Africa and Switzerland, South African residents are entitled to the Double Tax Agreement Rate of 15% (R150). Therefore - the differential of R200 (R350-R150) is recoverable in its entirety but is retained by the Foreign Tax Office until all the necessary procedures and conditions are met.
78 Corlett Drive
New York City
Tel: SA: +27 10 141 5588
For any general inquiries, please fill in the following contact form: