European investors face hurdles in reclaiming withholding tax

According to a recent study conducted by Brussels-based NGO Better Finance and Germany’s DSW, reclaiming withholding tax in Europe remains an arduous and costly endeavor. The study, which surveyed 3,000 European investors, unveiled the considerable challenges faced by non-professional investors in reclaiming taxes paid twice on cross-border dividend income, making it financially impractical. The European Commission is poised to present proposals in June to alleviate obstacles and prevent double taxation.