TaxTec partners with NRW Consulting and WTS Hansuke
03 April 2025 UK
Image: stock.adobe.com/Yurii
TaxTec Group has partnered with NRW Consulting and WTS Hansuke.
The firms say TaxTec’s tax technology solutions will streamline tax recovery processes, reduce risks, and enhance efficiency for market participants and their agents for NRW Consulting.
WTS Hansuke will have their client services enhanced in the area of withholding tax reclamation on foreign securities. The financial services consulting firm can now offer clients views of reclamation status, alongside a predictive forward view of both process and portfolio.
TaxTec highlights the importance of withholding tax reclamation with in-house research showing that investors globally leave some US$16 billion of withholding tax on foreign securities unreclaimed each year. For UK investors in foreign securities, the research shows unreclaimed volume is over US$1.3 billion, while in the US it is over US$3.8 billion.
The firms say TaxTec’s tax technology solutions will streamline tax recovery processes, reduce risks, and enhance efficiency for market participants and their agents for NRW Consulting.
WTS Hansuke will have their client services enhanced in the area of withholding tax reclamation on foreign securities. The financial services consulting firm can now offer clients views of reclamation status, alongside a predictive forward view of both process and portfolio.
TaxTec highlights the importance of withholding tax reclamation with in-house research showing that investors globally leave some US$16 billion of withholding tax on foreign securities unreclaimed each year. For UK investors in foreign securities, the research shows unreclaimed volume is over US$1.3 billion, while in the US it is over US$3.8 billion.
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