Protocol is a withholding tax management and reclaim software solution for asset managers and institutional investors. Protocol is not just about reducing tax drag on investment portfolios. By using Protocol, users automatically leave an audit trail, demonstrating they are in control of the global withholding tax position.
Organized by custody account, fund, year and country, Protocol details all relevant information such as reclaim entitlements, due dates, and status in an always-up-to-date status report of the global withholding tax position. Protocol truly automates the withholding tax recovery process.
Global investment portfolio analysis
Combining automated investment income analysis with a dynamic withholding tax rate database, Protocol instantly analyzes any global investment portfolio for custody withholding tax service gaps and incremental reclaim opportunities. Service gaps are differences between tax rates expected to be applied based on the withholding tax service agreement with the custodian and tax rates actually applied by the custodian. Incremental reclaim opportunities are reclaims that are simply not serviced by the custodian. Protocol helps monitor and close service gaps, and reclaim incremental reclaim opportunities. In the process, Protocol validates all input data and filters out errors, ensuring accurate data is used in reclaims.
Automated withholding tax form filling
The real heavy lifting in withholding tax reclaim comes with filling out the constant stream of diverging withholding tax forms. Filling these forms is resource intensive, costly, and prone to human error. With hundreds of withholding tax forms applicable across reclaim markets, Protocol was designed for automated and accurate (bulk) form filling.
Real time reporting
Protocol’s clear analyses and easily auditable reclaims processing, reflected in an insightful and real time dashboard, puts investors in control of their withholding tax position. Organized by investor, year and market, Protocol details claims filed, reclaim entitlements, due dates, and status, showing an up-to-date status report of the global withholding tax position at all times. This status report can be exported to Microsoft Excel for reporting purposes with just the click of a button.