Banks submit standard tax reclaim requests centrally to the Swiss Stock Exchange through the Tax Portal, instead of filing them with the different market tax authorities worldwide. We interact with the respective market tax authority and produce tax vouchers, if necessary, or obtain them from the respective sub-custodian. Refunds are paid to us and we thereafter forward them to the bank of the beneficial owner – unless regulated differently by market.
Our standard Tax Reclaim service is available for a wide range of investment markets, provided the assets are held in custody at SIX SIS and a double tax treaty exists between the domicile country of the beneficial owner and the issuing country.
We also provide country-specific information for over 60 countries on the tax reclaim procedure. This covers statutory filing deadlines, required forms, standard withholding tax rates and the agreed double tax treaty rates.