Last updated 2026-06-27
Tax Reclaim vs Divizend
Divizend is a success-fee software: German fintech that automates foreign dividend withholding-tax refunds for private investors, with a parallel institutional/compliance arm. Tax Reclaim is the self-service alternative: you file the treaty forms yourself and keep the whole refund. Essential is €9.99/year for one country-year filing package across 98 source countries, Pro is €29/year for unlimited packages, and neither takes a percentage of what you recover.
At a glance
| Tax Reclaim | Divizend | |
|---|---|---|
| Pricing | €9.99/year Essential or €29/year Pro (free calculator tier) | 17.5% of the refund for private investors (no upfront cost) |
| You keep 100% of the refund | Yes — flat fee, no percentage | No — percentage of refund |
| Country / form coverage | 98 countries (incl. 10 Eastern-European), 56 forms | Multi-country European focus (exact count not published) |
| Interest income, not just dividends | Yes | Dividends (interest unclear) |
| Retail self-serve | Yes | Partly |
| No broker credentials / portfolio linking | Yes — you enter figures manually | No — shares portfolio data |
What a €1,000 refund costs
Illustrative. Based on Divizend's published 17.5% fee (as of 2026-07-06). The larger or more frequent your refunds, the wider the gap.
Where Divizend is strong
- Strong security posture (ISO 27001:2022, SOC 2 Type II)
- Genuine end-to-end automation plus portfolio aggregation
- No upfront cost — you pay only when a refund succeeds
Where Tax Reclaim wins
- 17.5% of the refund dwarfs a flat fee on any meaningful amount — a €500 refund costs €87.50
- Portfolio import means sharing your holdings data
- Dividend-centric; interest-income reclaim is not advertised
Who each is for
Choose Divizend if: Investors who want fully hands-off automation and don't mind paying a percentage cut.
Choose Tax Reclaim if: Tax Reclaim starts at €9.99/year, keeps 100% of your refund, adds no portfolio linking, and covers interest as well as dividends.
Frequently asked questions
What is the best alternative to Divizend?
For retail investors reclaiming foreign dividend or interest withholding tax, Tax Reclaim is the self-service alternative: €9.99/year for one country-year filing package, no success fee, so the refund arrives whole. Divizend remains a strong choice investors who want fully hands-off automation and don't mind paying a percentage cut.
How does Tax Reclaim pricing compare to Divizend?
Tax Reclaim is €9.99/year essential or €29/year pro (free calculator tier). Divizend: 17.5% of the refund for private investors (no upfront cost).
Who is Divizend best for?
Investors who want fully hands-off automation and don't mind paying a percentage cut. It is less ideal for cost-conscious filers with larger or recurring refunds where a percentage fee gets expensive.
Competitor details researched 2026-07-06 from: divizend.com (private investors), Software Advice — Divizend Maximizer profile. Pricing and features change — verify with the provider before deciding.
See what you can reclaim — free
Essential covers one country-year filing package for €9.99/year. Pro covers unlimited packages for €29/year. Both are flat and tax included, so no part of the refund goes to a success fee.
Calculate my reclaim