Withholding Tax Reclaiming Solutions for Banks
No matter where your clients are located or how complex their client driven structures are, Furado’s market-leading solution streamlines the withholding tax reclaiming process for banks.
How Does It Work?
Once your clients sign the Furado Power of Attorney, we manage the entire reclaiming process, directly interfacing with local and international tax authorities without further involvement of your clients.
Furado retrieves vouchers electronically from banks and calculates and optimises the reclaim amount, net of any costs. We compile and submit reclaiming forms to the tax authorities, including obtaining certificates of tax residency.
Furado tracks the reclaim process until full repayment to the end clients, optimising the process by applying the most beneficial regulations. Throughout the entire process, we provide comprehensive reporting, ensuring complete transparency and timely updates for the bank.
Our Reclaiming Models
When choosing our services we offer two models to streamline the tax reclaiming process for banks:
Outsourcing and Referral
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.