Tax Reclaims on Danish Securities

Acupay will process any reclaims and file them with the Danish Tax Authorities (SKAT) directly on the investors’ behalf. We will oversee the complete process until the excess withholding tax has been reclaimed. Acupay’s Danish long form reclaim solution can be utilized, for instance, by:

  • beneficial owners that have been taxed at the statutory rate and are a tax resident in a Double Taxation Treaty (DTT) country;
  • beneficial owners that are U.S. pension funds and also eligible for a tax exemption;
  • beneficial owners that are tax resident in a country whose local tax authorities exchange information with the SKAT according to an international treaty or convention other than a DTT.

Requests for tax relief via long form reclaim can be submitted to the SKAT until the Statute of Limitations expires. In Denmark, this means investors have 5 years after the date on which the dividend was distributed to submit their claims. The estimated time for receipt of refund amounts is 1 month.