Globe Refund is delighted to announce that the company have successfully obtained the refund of the withholding tax on UK interest for a Luxembourg loan fund.
That’s a very good news for all the EU funds investing in UK loans. Indeed, the UK withholding tax represents 20% of the interest paid which is a significant impact on the fund’s performance.
As institutional investors continue to grapple with regulatory change and face increasing demands to reduce bottom-line costs and improve top-line performance, having an effective tax reclaim process that leverages all the refund opportunities is now vital for Asset Managers.
Globe Refund is the only provider in withholding tax reclaims on interest for bonds and loans with a significant track record since near a decade.
Contact us for more information on the refund possibilities.
Stanislas Conte, CEO