Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

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The vast majority of international

investors are owed close to half of

their tax back, but this money is

rarely recovered.
Let us recover yours today > The vast majority of international

investors are owed close to half of

their tax back, but this money is

rarely recovered.
Let us recover yours today >

WHAT WE DO

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

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.

WHAT WE DO

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

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.

OUR STORY

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

CUTTING-EDGE TECHNOLOGY

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.

PERSONALISED SERVICE

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

GLOBAL EXPERTISE

We have a global network of specialists, so wherever a claim needs to be made, our 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.

MAXIMUM RECOVERY​

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

Client engages with Global Tax Recovery

Client or Broker provides beneficial owner data

Global Tax Recovery provides client with a refund estimation report

Client account is created and added to Global Tax Recovery’s online client portal

Reclaim form is prepared and submitted

Client can track progress of claim in real time via online client portal

Refund is received and paid over to client

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, whether to the cloud or with Global Tax Recovery’s physically secured hardware.

A Few of Our Valued Clients

TESTIMONIALS

OUR ADDRESSES Info@globaltaxrecovery.co.za


Tel: SA: +27 10 141 5588



SOUTH AFRICA

78 Corlett Drive,

Melrose North,

Johannesburg

2196
UNITED KINGDOM

25 Cabot Square,

Canary Wharf,

London, E14
UNITED STATES

One Grand Central Place,

60 East 42nd Street,

New York,

NY 10165
AUSTRALIA
2nd Floor
33 New York Avenue
Sydney NSW 2000
Australia
OUR ADDRESSES SOUTH AFRICA

78 Corlett Drive,

Melrose North,

Johannesburg

2196
UNITED STATES

One Grand Central Place,

60 East 42nd Street,

New York,

NY 10165
UNITED KINGDOM

25 Cabot Square,

Canary Wharf,

London, E14
AUSTRALIA
2nd Floor
33 New York Avenue
Sydney NSW 2000
Australia
Info@globaltaxrecovery.co.za


Tel: SA: +27 10 141 5588