# SIX Securities Services solves withholding tax issues for investors in Switzerland
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-10-27
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: SIX Securities Services Launches Advanced Tax Reclaim
Meta Description: Reclaim double taxation on interest and dividends from foreign investments, benefit from higher returns in Switzerland with our tax-reclaim process service.
Tags: featured
Tag URLs: featured (https://financedigest.com/tag/featured)
URL: https://financedigest.com/six-securities-services-solves-withholding-tax-issues-for-investors-in-switzerlandhtml

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**SIX Securities Services has launched Advanced Tax Services – Reclaim, a service to obtain refunds for double taxation of interest and dividends from foreign investments by assuming the entire reclaim process of banks. In this way private investors in Switzerland benefit from a higher return.**

Every year Swiss investors – usually unknowingly – incur significant losses because of the double taxation of interest and dividends from foreign companies. Although there are ways to reclaim the withholding tax retained abroad (comparable to the Swiss withholding tax), this process is non-transparent and country-specific, and involves a considerable administrative effort.

Starting now, banks and their clients can benefit from the Advanced Tax Services – Reclaim, a [service which manages](https://www.financedigest.com/cyclic-innovation-to-drive-the-medical-case-management-services-market.html "Cyclic innovation to drive the Medical Case Management Services Market") for them the entire tax-reclaim process – from the submission of individual, market-specific forms, the reconciliations with the relevant tax authority, through to the actual refund of the taxes paid.

**Valerio Roncone**, Head of Markets & Clients, SIX [Securities Services:](https://www.financedigest.com/a-culture-of-cyber-security-throughout-financial-services-organisations.html "A Culture of Cyber Security Throughout Financial Services Organisations") “Double taxation leads to a significantly lower return for investors. [Taxes play a very important](https://www.financedigest.com/rd-tax-important-exemptions-and-upcoming-changes-for-the-it-software-industry.html "R&D Tax: Important Exemptions and Upcoming Changes for the IT & Software Industry") role when investing, particularly in times of low interest rates. We are encouraged by the positive feedback we have received since the [product launch](https://www.financedigest.com/new-product-launches-to-put-the-cod-liver-oil-market-in-a-good-stead.html "New Product Launches To Put The Cod Liver Oil Market In A Good Stead"). It shows there is a [strong demand for the service](https://www.financedigest.com/euro-zone-april-business-activity-grows-on-strong-services-demand-pmi.html "Euro zone April business activity grows on strong services demand – PMI") in the market, and that we are able to provide a substantially added value for our customers and investors.


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