Investors living in countries with which Denmark has signed a treaty for the avoidance of double taxation are entitled to reclaim part of the dividend tax.
The Danish withholding tax on dividends is 28%.
With a few exceptions, foreign investors may reclaim excess dividend tax paid without any statutory limitations.
The tax reclaim forms must be filled out by the beneficial owner or our custody client on the basis of a power of attorney.
The forms may be obtained from Danske Bank or the Danish tax authorities and must be certified by the investor's local tax authorities.
Upon receipt of the documentation, the tax authorities will arrange for the payments to be effected. Within one to four weeks, the tax authorities will forward the amounts due to Danske Bank and we will arrange for the credits to your account.
Danske Bank is ready to assist you in the reclaim process.