Improving your tax performance
When you use the Saxo Bank system and invest in foreign securities, the income from those investments (equities or bonds), will be taxed at a high “statutory” rate of tax based on the source of the income, up to 35% in some cases. You may, however, have an entitlement to be taxed at a lower “treaty” rate of tax if your country has a Double Tax Agreement (“DTA”) with the income source country, often as low as 15% or even 0%. To get your entitlement, you have to claim it.
There are over 5,700 such DTAs in existence today and each market has different and complex processes and procedures to follow to enable a claim to be successfully filed and paid.
Because this is a true specialist area, we have chosen to partner with GlobeTax to offer you a no-risk way to recover any tax that has been over-withheld by foreign governments on your investment income.
Why GlobeTax?
GlobeTax is the world’s largest and most successful tax reclaim specialist. They file over 2 million claims a year for clients in over 40 countries and, since 1992, every claim they have filed has been successfully paid.
How to use this service
To use this service you will need to log into your Saxo Bank trading account and choose "Tax Reclaim Services" under the Account menu, as shown in the image to the right.
Note: This service is only applicable to cash distributions relating to Interest/Dividends received from BONDS and STOCKS (not CFD's)