VAT IT GROUP THE LARGEST INDIRECT TAX RECOVERY FIRM GLOBALLY

Clients

15,000 in 107 countries

Employees

1,300+ across 40 offices

GBP of tax recovered to date

£5 billion+

WTAX YOUR GLOBAL WITHHOLDING TAX PARTNER

Number of Legal Structures Covered

80+

Collective AUM of Clients Serviced

£7 Trillion +

Custodian Bank Relationships

150+

Our Story

The VAT IT Group is founded in 2000, primarily focusing on VAT Recovery Services.
VAT IT Research and Development Team identifies double-taxation of dividends paid by dual-listed entity Richemont and WTax is launched.
WTax develops its industry-leading proprietary technology which automates the reclaim process end-to-end, expediting refund timelines.
WTax Client Reporting Portal is launched giving investors real-time access to their withholding tax position.
WTax+ on-boarding portal is launched.
WTax onboards their 5000th beneficial owner.

OUR RECLAIM CAPABILITIES

33 JURISDICTIONS

33 JURISDICTIONS

in which we are actively reclaiming.

50% INCREASE

50% INCREASE

in recovery yields on average.

RECLAIM INFRASTRUCTURE IN
NON-STANDARD MARKETS

RECLAIM INFRASTRUCTURE IN NON-STANDARD MARKETS

  • Japan Japan
  • South Korea South Korea
  • Taiwan Taiwan

UTILISE 3 KEY RECLAIM
MECHANISMS

UTILISE 3 KEY RECLAIM MECHANISMS

  • Double-taxation treaties Double-taxation treaties
  • Domestic exemptions Domestic exemptions
  • European Court of Justice claims European Court
    of Justice claims

WTAX AND THE EUROPEAN COURT OF JUSTICE KEY DEVELOPMENTS

FINLAND 2020

Finnish Supreme Administrative Court rules that a US RIC (Maryland Corporation) is comparable to a Finnish contractual investment fund.

SWEDEN 2020

The Swedish Supreme Administrative Court held that the fact that a fund has a corporate form does not prevent it from being comparable to a Swedish investment fund.

SPAIN 2020

Spanish National Court confirms US RICs right to refunds.

ITALY 2022

The Italian Supreme Court upheld the CJEU consolidated case-law on the free movement of capital.

GERMANY 2022

WTax actively involved in the litigation which is currently pending for EU and non-EU funds.

PORTUGAL 2022

CJEU rules Portuguese withholding tax rules contrary to the free movement of capital.

Expediting refund timelines, eliminating human error, empowering our clients.

Technology and innovation are at the heart of WTax’s reclaim process. Everything we do is driven by our industry-leading proprietary technology which automates the reclaim process end-to-end.

MEET THE TEAM

Put a face to the name. Get to know the WTax team.

CORPORATE SOCIAL RESPONSIBILITY

We are committed to engaging in and promoting socially responsible behaviour.

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