Manage Tax Withholding and Reclaim Processing

Eagle Accounting allows you to process withholding (W/H) taxes and tax reclaims. 

Dividend and interest income, paid to a beneficiary not legally domiciled in the same country as the investment instrument, is generally subject to withholding tax. Withholding tax can be broken into two components: Recoverable and Non-Recoverable. Recoverable tax represents excess taxes paid by the shareholder that may be eligible for recovery at a later date, based on the relevant tax treaty. Recoverable tax is also referred to as reclaim tax. Nonrecoverable tax represents tax, paid on income, that will not be reimbursed to the investor. Nonrecoverable tax is typically viewed as an expense for the investor.