Withholding Tax Reclaiming Solutions for Asset Managers
No matter where your clients are located or how complex their client driven structures are, Furado’s market-leading solution enables an error-free and effortless withholding tax reclaiming process for asset managers.
How Does It Work?
Once your clients sign the Furado Power of Attorney and Mandate, we manage the entire reclaiming process, directly interfacing with local and international tax authorities without further involvement of your clients.
Furado retrieves the vouchers electronically from the banks, extracts the necessary data, and calculates and optimises the reclaim amount, net of any costs associated with the process. We then compile the reclaim forms and submit them to the tax authorities, including the local authorities for issuing the certificates of tax residency.
Furado tracks the reclaim process until full repayment to the end clients, ensuring all necessary documents are secured and reclaimed funds are automatically transferred to your clients’ accounts. Throughout the entire process, the Asset Manager is kept fully informed with comprehensive reporting, ensuring complete transparency and timely updates.
Our Service Levels
Furado’s fully automated withholding tax reclaiming operates in two modes:
Full Service and Partial Service
Interested to find out in which client domiciles we offer the full-service mode? Contact us for more information.