Meritsoft’s Cum-Ex tax module enables tax operations teams to monitor securities positions and their associated tax liabilities and reclaims, in order to comply with this prominent withholding tax legislation.
With a renewed impetus from authorities to clamp down on cum-ex tax fraud, dividend tax refund claims are being audited more rigorously.
Cum-Ex Manager, another tax module that integrates with our WHT and FTT modules, helps operations teams to ensure that they are complying with the extensive requirements of the rules and have sufficient transparency to demonstrate this fact to the relevant authorities.
Cum-Ex Manager facilitates the tax reclaims process by enabling you to:
- Track your trading in any security, and its underlying derivatives, from the safe harbour point – 12 months prior to the dividend payment date
- Track your trading in any security and its underlying derivatives during the 45-day window before and after the dividend payment.
- View stock trading activity on a First in, First out (FIFO) basis
360-degree insight into your trading behaviour helps ensure that your withholding tax reclaims are accurate and timely and a complete audit trail provides the transparency you need to evidence compliance to the relevant authorities.
Cum-Ex Manager is built on Meritsoft’s proven, scalable FINBOS platform and provides a fully centralized and scalable solution for the management of all your withholding tax reclaims processing requirements. A ready-made solution, it can be easily implemented within your existing infrastructure.
To find out more please get in touch.
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