Dif Broker

DIF Broker partner with Globe Tax to help you claim for tax relief at source and maximize your investment returns.

When you use DIF Broker platform DIF Freedom, and invest in foreign securities, the income from those investments (equities or bonds) will be taxed at a high "statutory" rate of tax based on the source of the income, up to 35% in some cases.

You may however, have an entitlement to be taxed at a lower "treaty" rate of tax if your country has a double taxation agreement with the income source country, often as low as 15%. To get your entitlement you have to claim it.

There are over 5,700 Double Taxation Agreements in existence and you can trade many markets in our platform. Each market has different and complex processes and procedures to follow to enable a claim to be successfully filled and paid.

Because this is an extremely specialist area, we have partnered with GlobeTax to offer you a way to recover any tax that has been over-withheld by foreign governments on your investment income.

Globe Tax is the largest and most successful tax reclaim specialist, and since 1992 every claim they have filed has been successfully paid.

How does it work?
In Trading foreign securities and the US stock markets the tax reclamation service is now automatic. If you want to sign up so that, GlobeTax can file a claim to get your money back there are just three easy steps:
1. Register at GlobeTax eDocs portal from the link you receive from our customer service.
2. Enter your account information in GlobeTax's eDocs portal.
3. Globe Tax will work with DIF Broker to identify any tax that has been over withheld on your investment income and automatically file a claim on your behalf.
4. Once the claim is paid, GlobeTax deducts their fee and credits the balance to your account at DIF.
Note: This service is only applicable to cash distributions relating to Interest/Dividends received from BONDS and STOCKS (not CFD's)

How long does it take?
Each government takes a different length of time to pay. However because Globe Tax is the largest filer of claims into nearly all markets and because they don’t get paid until you do, its in their interest to get the money back as quickly as possible whether it takes weeks or months.

How much does it cost?
For tax reclaim, Globe Tax will only charge you when they have successfully recovered your tax.
If you are an individual or a corporation the fee is 20% and if you are a partnership the fee is 35% of the amount Globe Tax recovers. There is a minimum of $50. In addition, GlobeTax charges $200 as an annual account fee, but this fee is waived if in any year the recovery is less than $400.

The tax reclaim service is provided by DIF Broker's partner, GlobeTax. DIF Broker is not responsible for and  does not assume any liability for the service provided, including, but not limited to, the accuracy or completeness of the information provided to GlobeTax by DIF Broker or DIF Broker’s Custodians in the tax reclaim process.

No representations or warranties are made with respect to whether filed claims will be successful,  when claims will be filed and when a successfully reclaimed amount will be credited your account.

Please note that when signing up for the tax reclaim service you will need to consent to DIF Broker transferring the following information to GlobeTax:
-General information and payments data relating to payments suffering tax deductions as in dividends/coupon payments and other applicable corporate action cash payments.
All data transmitted will be in a secure and protected transmission.