Withholding Tax Reclaims

Reclaimable Foreign Tax
Outsourcing

Goal Group Withholding Tax Reclaim Solution

Leverage Proficiency and Proprietary Technology with GTRS

Outsourcing reclaimable foreign tax to Goal not only means entrusting the process to specialists but also leveraging our proprietary, in-house developed application, Global Tax Reclamation Solution, GTRS™.

This technology, designed specifically for the complexities of reclaiming foreign withholding tax, enables us to provide an outsourcing option that enhances accuracy, efficiency, and security using automation.

Contact us today to discover how we can help you reclaim withholding tax or to arrange a demo of GTRS™.

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Navigate the Complexity of Foreign Tax Reclaims

Given the complexity of the foreign tax reclaim process, it is often considered laborious and time-consuming. The increased scrutiny by investors to perform these types of services further underscores the importance of fulfilling fiduciary responsibility. Outsourcing this process to Goal ensures that these responsibilities are met with the utmost diligence and expertise.

Seamless End-to-End Processing with Advanced Technologies

Our team’s extensive procedural and market knowledge, combined with our leading-edge technologies, enables us to provide seamless end-to-end processing for reclaimable foreign tax. This includes high levels of automation, reducing the risk of human error and increasing the speed of processing.

Transparency Through a Dedicated Client Portal

Beyond the core service, we provide a dedicated client portal, granting you the ability to track and monitor your activity. This portal ensures transparency and allows you to stay updated on the status of your reclaims, providing peace of mind and allowing you to focus on your core business functions.

Partnering with Goal for Withholding Tax Reclaims

In essence, by choosing to outsource the reclaiming of withholding tax to Goal, you are choosing a partner who can navigate the complexities on your behalf. You can rest assured knowing that we are committed to delivering the highest level of service and technology in the industry for reclaiming foreign withholding tax.

Contact us today to discover how we can help you reclaim withholding tax or to arrange a demo of GTRS™.

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Goal Group Withholding Tax Reclaim & Securities Class Action Recovery

Withholding Tax Reclaims: FAQs

Goal provides two services, a cloud-based application called GTRS, available as a SaaS and an outsourcing service. Clients can either use GTRS, which provides high levels of automation to process withholding tax reclaims including the calculation and completion of forms or ask us to process the reclaims on their behalf.

The indicative timeframe to receive payment varies by market, however Goal can advise the timeframes on a case-by-case basis. We also ensure that if you outsource the service to us, we track claims at every stage ensuring we follow up when these indicative timeframes approach. We will also keep you up to date via our interactive, dedicated client portal and through our regional client services representatives.

Withholding tax is levied from nearly all cross-border investments, depending on the entity, residency, and market of reclaim, you may be entitled to reclaim a percentage of the withholding tax deducted. Goal is also able to provide a proof of concept, where we run your data through our technologies to assess opportunities. Please contact your regional sales team to arrange a proof of concept.

No. We do not provide tax advice or act as advisors. The information we provide is based on experience in a very niche area of the market.

Depending on the service you select, we can offer extremely compelling and flexible pricing. GTRS is available as an annual subscription and the outsourcing is usually a percentage of the monies reclaimed, or an annual processing fee. To be as competitive as possible, we will always assess each situation individually. Please note that some more difficult markets may have alternate fee structures, but we will always inform you of any variations as well as any out-of-pocket expenses before we proceed. Please contact our sales team for more information.

We currently support all stock types and all client types and if a new one is introduced to us; we will research feasibility before proceeding. As we have a dedicated global research team who use a variety of sources to obtain this information, we are flexible on the service we provide.

We provide truly global coverage, including those markets that others may shy away from. While we are aware of some market specific challenges e.g., when reclaims need to be routed via a paying agent or custodian or where local agents need to be used, we will always endeavour to work with our clients to assess viabilities and maximise returns.

Goal is ISO27001 accredited and was one of the first firms to achieve this esteemed accolade. With all applications hosted in AWS and globally recognised assurance that client data is not only secure but entirely segregated, we have maintained this accreditation for a number of years and are audited at least once annually.

As mentioned, Goal provides global coverage, including difficult markets, which some Custodians may not offer. Secondly, we have over 30 years’ experience in the withholding tax reclaim space, great relationships with the tax authorities, a dedicated global research team, centralised operations, and dedicated client services. We will also process reclaims within a much shorter timeframe, typically within 3 business days of an event being triggered (once a client is fully on-boarded). Additionally, as a niche service provider, we give this area our full attention.

As soon as the client is on-boarded and we have all the documentation we need, we aim to process reclaims within 3 days of receiving the tax vouchers/credit advice and import files.

As part of the service, we offer an interactive dedicated client portal where you will be able to view the status of your reclaims, past and present.

When on-boarding clients, we request information through a beneficial ownership questionnaire. Based on the entity, stock, residency, and market of reclaim, we can provide guidance on what documentation is needed in advance of us processing the reclaims.

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Latest News

Goal Group’s Caroline Catt nominated for FTF New Technology Award

We’re delighted to announce that Caroline Catt, Goal Group’s Class Actions Operations Manager, has been nominated in the Ops Businessperson of the Year category of the prestigious FTF News Technology Information Awards 2024.

The award honours an executive-level individual who has advanced the cause of financial technology innovation from the business side, and the winner must demonstrate an effective track record working with IT managers and operations staff.

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