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Glossary

Withholding Tax

A tax deducted at source, especially one levied on interest or dividends paid to a non-resident.

Withholding Tax News

Industry
TaxTec report reveals extent of withholding tax issue

The amount, an estimated US$16.4 billion, is left unclaimed for a number of reasons, including that the reclamation process remains bureaucratic and complex

Industry
Administrator appointed for Goal Group

The news comes after its Australian arm went into administration in June

Industry
Administrator appointed for Goal Group Australia

According to the official notice, this appointment has been made under Section 436A of the Corporations Act 2001

Industry
BNY Mellon picks Xceptor to streamline its custody tax operations

BNY Mellon’s phased implementation of Xceptor's end-to-end tax platform is part of a multi-year licensing agreement

European Commission launches consultation to improve WHT refund procedures for cross-border investors

The consultation, which extends until 24 June, aims to strengthen controls to prevent cum-ex fraud and to digitalise procedures for WHT reclamation

Industry
Goal Group partners with HTK Connect to enter Japanese market

Goal Group has partnered with HTK Connect Pte to further integrate its withholding tax reclaims and securities class actions recovery services into the Japanese market

Technology
Goal Group joins the Schwab Advisor Services listings programme

Goal Group has been listed on the Schwab Advisor Services provider listings website, which Schwab offers to registered investment advisors to assist them with the research and selection of third-party technology solutions for their business

Industry
Goal Group launches new WHT forum

Goal Group has launched a new forum, Goal – Withholding Tax Reclaims Forum, to serve as a discussion and knowledge-sharing forum for all professionals involved in reclaiming withholding tax on cross-border securities