Dividend withholding tax recovery in action for a global multinational
In this free case study, learn how one organization reclaimed excess withholding tax on foreign dividends — returning over $1M to their employees
What’s included in this case study?
Dividend Withholding Tax (DWT) can significantly reduce the value of employee dividends, particularly in global equity programs where employees hold shares in foreign-headquartered companies.
This case study explores how a Swiss-headquartered biotechnology multinational with over 80,000 employees and a broad-based stock ownership plan addressed this challenge. With dividends subject to Switzerland’s 35% withholding tax, the company identified a major opportunity to recover value for employees worldwide.
Learn how the organization partnered with Sprintax Dividends to enhance its long-term incentive strategy and successfully returned over $1 million in excess withholding tax to employees across multiple jurisdictions.
You’ll learn:
- How the dividend withholding challenge was identified within a complex, global equity program
- How Sprintax Dividends was implemented across key jurisdictions
- The measurable results delivered for both employees and the organization
What is Sprintax Dividends?
When employees receive dividend income through overseas equity compensation plans, pensions, or other employer-sponsored investments, that income is often subject to double taxation, first through foreign dividend withholding tax and again through domestic income tax. For globally mobile and internationally distributed workforces, this can quietly erode the value of employee rewards and long-term incentive programs.
Sprintax Dividends is a software solution designed to help employers address this challenge at scale. Using built-in tax treaty logic and local tax rules, the platform identifies reclaim opportunities, calculates estimated refunds, and prepares ready-to-file Dividend Withholding Tax (DWT) reclaim applications, reducing complexity for HR and benefits teams while helping employees recover tax they are entitled to.
About Sprintax
Sprintax is a global fintech specializing in nonresident tax compliance. We provide a suite of software solutions that simplify tax determination, withholding, tax return filing, and reclaim services for individuals, investors, and organizations.
Originally launched as a nonresident tax advisory for U.S. universities, Sprintax has rapidly evolved in size and capability. Today, we are the trusted tax compliance software provider for over 700 institutions and corporations, including Ivy League schools and some of the most recognized universities across the United States.
Headquartered in New York, the Sprintax team regularly travels across the U.S. and internationally, speaking at payroll and educational exchange conferences on nonresident taxation.
