FS Tax - EU claims and other international tax compliance

Cross-border income (e.g. dividends and interest) is often subject to withholding tax in the source country. However, in accordance with the global income principle, the investor is also liable to pay tax on this income in his country of residence.

The aim must be to avoid a double tax burden in both countries.

Double taxation agreements (so-called DTAs) and European law offer numerous possibilities for avoiding double taxation and optimising the existing tax burden. In the Santander, Aberdeen Finnivest, Fokus Bank and other recent judgements, the ECJ and EFTA Court have ruled that the withholding tax collection practices of various EU states do not comply with European law.

We offer investment funds, pension funds, companies, other institutional investors and private investors a comprehensive range of services for EU-based withholding tax refund claims, refund procedures under DTAs and other areas of international tax compliance (e.g. 3 per cent tax France, India, Taiwan, USA, etc.) with the involvement of the international KPMG network.

Our offer in the modular model includes comprehensive support from the origination of the withholding tax burden, the validation of the prospects of success in the individual case (taking into account possible limitation periods), the preparation, examination and submission of refund applications through to the consideration of refund payments.

We are also happy to support you in applying for advance exemptions. Pre-exemption procedures can minimise the administrative effort and thus reduce the costs for optimal withholding tax retention.

Our services are already being utilised by major German and foreign asset managers, insurers and capital management companies.