Claim Minimums
Given the increasing administrative complexities and regulatory requirements for post-dividend pay date reclaims (Long Form), GlobeTax has set higher filing minimums than the standard $500 in the following markets.
Market | New Claim Minimum | Reasoning |
Belgium | $1,500 | Extensive documentation required, long payment turnaround with frequent audits, and follow-up communications necessary. |
Japan and South Korea | $3,000 | Extensive documentation, frequent audits, and follow-up communications required. |
Italy | $5,000 | Lengthy timelines for payment, additional filing fees. |
Denmark | $5,000 | Extensive documentation required, delayed payments due to frequent audits, and follow-up communications necessary. |
Germany | $5,000 | Extensive documentation required and lengthy timeline for payment. |
All other markets | $500 | Standard Long Form minimum. |
Effective January 2024: All unfiled items as of this date will be subject to the new minimums.
Exceptions: Certain entity types in Canada and the Netherlands may qualify for claims below the stated minimums.