Solution introduction

Withholding tax reclaim software for banks

reclaimer enables banks and service providers to efficiently manage withholding tax reclaims and reliefs for their customers and themselves on an end-to-end basis

reclaimer® is a user-friendly web-application that manages and optimises the entire process for withholding tax relief at source and reclaim: from data import and validation, to data enrichment, reclaim/relief calculation, document production, and cash allocation.

Increased after-tax return
Withholding taxes on dividends and interest income reduces return on investment; reclaiming them, where possible, increases return significantly.

Reduced Workload
Reclaiming withholding taxes is a bureacratic and time-consuming process. reclaimer® automates the whole process to the extent possible. The entire reclaim logic is embedded and automatically generates all the required paperwork.

Reduced operational risk
reclaimer knows all rules regarding reclaiming withholding taxes and applies them automatically. 

Always keep the overview
Keeping up-to-date with all reclaims is difficult: What is the status of a reclaim? What needs to be done next? When was the reclaim sent to the local tax authority? Which reclaims are ready to be submitted? reclaimer®’s dashboards and other reporting functionalities provide the necessary overview.

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