Frequently Asked Questions
Welcome to Furado’s FAQ section! Here, we have compiled answers to the most common questions about our automated withholding tax reclaiming services. Whether you’re a current client or considering our services, you’ll find valuable information to help you understand how we can assist you. If you have any further questions, feel free to contact us directly.
For which customer types can Furado process withholding tax reclaim applications?
We can process withholding tax reclaim applications for the following customer types: Natural persons, legal entities, usufruct beneficiaries, inheritances, sole proprietorships, partnerships, charitable foundations, and fiduciary arrangements.
What do I need to do as an end client?
As an end client, you can sit back and relax, as your work is done once you sign the “Furado Power of Attorney” and mandate.
Can I reclaim withholding taxes for all my banking relationships?
Yes, you can. However, one of your banks must have a contractual relationship with us.
Why can’t I reclaim withholding taxes from the USA?
Reclaiming withholding taxes from the USA is typically not possible due to the country’s specific tax regulations and treaties. Please contact your bank to learn more about US taxes.
Does Furado operate a B2C business?
No, we are a B2B company. If you are interested in Furado’s services, please contact your bank, life insurance company, or asset managers.
I am a bank and wish to retain you for this service. What does it cost and why should I choose Furado?
We will present all relevant details and will help you choosing the right service model. Please contact us.
I am an insurance company. Can we not just ask all our banks to reclaim the taxes on our behalf?
Absolutely. Nonetheless, please keep in mind that your regulation might force you to ensure that all banks do the reclaims and that you must be able to control and steer all the processes with all your different banks. Clarification should be sought that all of your banks can offer the service.
Still Have Questions?
If you didn’t find the answer you were looking for, or if you have any additional questions, please don’t hesitate to reach out. Our team is here to help you.