What is withholding tax reclaim?

When a foreign company pays you dividends or interest, the source country deducts withholding tax before the payment reaches you. If your country has a double tax treaty with that source country, you may have been overtaxed and are entitled to reclaim the excess. TaxReclaim automates the calculation and generates the official reclaim forms for 20+ countries.

What's the difference between a Foreign Tax Credit and a Withholding Tax Refund?

Foreign Tax Credit (FTC) is claimed on your current year tax return with your home country to reduce domestic tax liability. Withholding Tax Refund is claimed from the source country to recover excess tax above treaty rates, often for 3-5 years of past dividends. You can use both methods: claim the treaty-rate portion as a credit at home, and file for the excess directly with the source country.

How do I claim a Foreign Tax Credit on my annual tax return?

Report gross foreign income (before tax) on your return, then enter foreign tax paid in the double taxation relief section. The credit is capped at the treaty rate (typically 15%) and reduces your domestic tax dollar-for-dollar up to your domestic tax on that income. Example: €1,000 US dividends with €150 withheld - report €1,000 income and claim €150 credit.

How do I claim a Withholding Tax Refund for excess tax?

When source countries withhold more than treaty rates, file for refunds directly. Gather dividend certificates and tax residency proof, calculate excess (e.g., 35% withheld - 15% treaty = 20% refund), file country-specific forms (Form 210 for Spain, R-V1 for Germany, Form 5001 for France), and wait 3-12 months for processing. Most countries allow claims for 3-5 years retroactively.

Can I claim both a Foreign Tax Credit AND a Withholding Tax Refund?

Yes, and you often should! They address different parts of withheld tax. Claim the treaty-compliant portion (e.g., 15%) as Foreign Tax Credit on your annual return, and file for the excess above treaty rate as a WHT Refund with the source country. Example: Switzerland withholds 35% - claim 15% credit at home, reclaim 20% excess from Swiss tax authority.

How do I reclaim Swiss withholding tax on dividends?

Switzerland withholds 35% on dividends paid to foreign investors. If your country has a tax treaty with Switzerland, you can reclaim the excess above the treaty rate (typically 15%). Residents of Spain, Italy, Portugal and other Southern European countries use Form 60; other residents use Form 70. TaxReclaim determines the correct form automatically and generates it as a ready-to-submit PDF.

Which countries can I reclaim withholding tax from?

TaxReclaim supports reclaims from Switzerland, France, Germany, Spain, Portugal, Norway, the USA, the UK, Italy, the Netherlands, Belgium, Austria, Denmark, Sweden, Finland, Luxembourg, Ireland and more — 20+ countries in total.

Is it common for people to not reclaim their eligible taxes?

Yes, billions go unclaimed annually. The IRS reports over $1 billion in unclaimed refunds yearly. Globally, $200 billion in withholding tax is deducted with 25% left unclaimed. In the EU, €8.4 billion per year goes unclaimed. Common reasons include complexity, lack of awareness, and time burden. This creates a 0.5%+ annual drag on portfolio performance.

How much can I potentially recover?

Recovery amounts yield 0.5%+ annual portfolio performance boost. Common recovery rates: Switzerland 35% withheld vs 15% treaty = 20% refund; Germany 26.375% vs 15% = 11.375% refund; France 25% vs 15% = 10% refund; USA 30% vs 15% = 15% refund. On €10,000 annual dividends with 12% average excess, recover €1,200/year or €6,000+ for 5 years retroactively.

What documents do I need?

Typically you'll need: dividend/interest certificates from your broker showing gross amounts and tax withheld, proof of tax residency (certificate from your local tax authority), original tax receipts, identification (passport or national tax ID), and bank account details (IBAN for EU claims). Most brokers can provide annual tax statements that consolidate all this information.

How long does the process take?

Foreign Tax Credits are processed with your annual tax return. WHT Refunds vary by country: Germany 6-12 months, France 3-6 months, Switzerland 6-9 months, USA 6-12 months, Norway 3-6 months. Refunds are sent directly to your bank account once approved.

What are the deadlines for reclaiming withholding tax refunds?

Deadlines vary by country. Most allow 3-5 years from the dividend or interest payment date. Germany: 4 years. France: December 31 of second year following payment. Switzerland: 3 years. Norway: 5 years. USA: 3 years. Important exception: the Netherlands only allows 2 years. Missed deadlines mean permanent loss of your refund.

Is my financial data secure?

Yes. We use 256-bit SSL encryption, the same security standard used by major banks. All data is stored in EU-based data centers, and we are fully GDPR compliant. We never sell or share your personal data with third parties, and you can request complete data deletion at any time.

Do I need to be a tax professional to use TaxReclaim?

No. TaxReclaim is designed for individual investors. Enter your dividend or interest payment details, select the source country, and the platform calculates your refund entitlement and generates the completed official form. The whole process takes around 3 minutes.

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United States Dividend Withholding Tax

Complete guide for international investors — rates, reclaim deadlines, and which forms to file.

30.0%

Standard Dividend WHT

15%

Typical Treaty Rate

15.0%

Typically Reclaimable

3yr

Reclaim Deadline

About United States's Withholding Tax

The US withholds 30% on dividends and interest paid to non-resident aliens. Most treaty countries can reclaim to 15% by filing Form 1040-NR (or W-8BEN to reduce withholding at source). The US has extensive tax treaty coverage.

Reclaim deadline: 3 years

Tax authority: Internal Revenue Service (IRS)

Deadline reminder: You can still reclaim United States withholding tax on dividends received in 2023 and later. Dividends before 2023 are outside the reclaim window.

Available Forms

Form 1040-NR

Refund

US nonresident alien income tax return for reclaiming excess withholding

Deadline: 3 years

Generate

Reclaim by Investor Residence Country

How much investors from each country can reclaim from United States's 30.0% withholding tax. Click your residence country for a detailed guide.

Your residence country	Standard WHT	Treaty rate	Reclaimable
🇬🇧United Kingdom	30.0%	15%	15.0%
🇩🇪Germany	30.0%	15%	15.0%
🇫🇷France	30.0%	15%	15.0%
🇪🇸Spain	30.0%	15%	15.0%
🇳🇱Netherlands	30.0%	15%	15.0%
🇧🇪Belgium	30.0%	15%	15.0%
🇨🇭Switzerland	30.0%	15%	15.0%
🇮🇹Italy	30.0%	15%	15.0%
🇸🇪Sweden	30.0%	15%	15.0%
🇳🇴Norway	30.0%	15%	15.0%
🇩🇰Denmark	30.0%	15%	15.0%
🇫🇮Finland	30.0%	15%	15.0%
🇦🇹Austria	30.0%	15%	15.0%
🇵🇹Portugal	30.0%	15%	15.0%
🇮🇪Ireland	30.0%	15%	15.0%
🇵🇱Poland	30.0%	15%	15.0%
🇱🇺Luxembourg	30.0%	15%	15.0%
🇦🇺Australia	30.0%	15%	15.0%
🇨🇦Canada	30.0%	15%	15.0%
🇸🇬Singapore	30.0%	15%	15.0%
🇯🇵Japan	30.0%	15%	15.0%

* Treaty rates shown are standard DTT dividend rates. Lower rates may apply to substantial shareholdings. Consult your tax advisor for your specific situation.

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Other Country Guides

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