Cross-border Tax Recovery
Unione Fiduciaria aids its clients in reclaiming the difference between the withholding taxes on dividends enforced in the foreign country of the distributing company and the potentially lower rate provided for by international conventions against double taxation.
Unione Fiduciaria oversees the entire recovery process, navigating bureaucratic procedures with both the Italian Revenue Agency and foreign revenue services.
Conventions against double taxation
When international conventions against double taxation prescribe a lower tax rate than the one applied, it becomes possible to request a refund for the excess amount paid.
For instance, in Switzerland, where a withholding tax of 35% is applied, the opportunity arises to recover the 20% overpayment, as the agreement specifies a maximum tax rate of 15%.
The service for the recovery of double taxation on foreign income
Unione Fiduciaria provides a service dedicated to recovering double taxation on foreign income.
We assist clients in filing a claim for a refund of the difference between:
- foreign withholding taxes on stock dividends (or, in some cases, on bond coupons), applied in the foreign country of residence of the distributing company;
- and the lower rate specified by international conventions against double taxation.
Assistance in the bureaucratic process
Unione Fiduciaria manages the entire recovery process, navigating bureaucratic procedures with both the Italian Revenue Agency and foreign revenue services.
Payment Upon Goal Attainment
Payment for the service is contingent upon the actual collection of the requested refund amount, and it is determined by applying a percentage of the recovered amount as a “success fee”.
Would you like to learn more about this service?
Feel free to book an appointment without obligation.