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Tax Reclaims on Spanish Securities

Acupay supports investors and their custodian banks in reclaiming excess Spanish withholding tax from the Spanish Tax Authorities (the “STA”). Investors entitled to request a tax refund can be:

  • Beneficial owners taxed at the statutory rate who are resident in a country which has a Double Taxation Treaty (DTT) with Spain;
  • European Union (EU) or European Economic Area (EEA) collective investment vehicles (CIVs) eligible for a tax reduction down to 1% pursuant to Spanish domestic law;
  • European Union (EU) or European Economic Area (EEA) pension funds eligible for a tax reduction down to 0% pursuant to Spanish domestic law.

The STA accepts long form reclaims up to the 4th calendar year following the payment date and processes them in approximately 1 to 4 years.