Streamlined tax-relief services provided to intermediaries across global markets
BNY is the industry leader in providing tax services to intermediary organizations. Our globally integrated platform supports a wide range of intermediaries through the provision of documentation management, tax relief-at-source and reclaim services for their clients. Intermediary tax servicing via omnibus accounts in permitted markets helps clients provide tax services to end investors while maintaining internal efficiencies and economies of scale.
We secure reduced withholding tax rates at payment by applying eligible treaty benefits. Automated workflows, coordinated documentation and support help ensure timely processing and efficient allocation.
We help intermediaries secure tax relief for their clients via reclaim, leveraging applicable tax treaties and market‑specific procedures, reducing the administrative burden and improving recovery timelines.
BNY’s client-facing application, NEXEN, provides online reclaim and relief-at-source reporting through on-demand dashboards and scheduled reports, delivering timely updates and ownership of reclaim activity.
We enable intermediaries to deliver tax-relief services to a wide range of client types, helping extend support to investors who have traditionally been underserved in accessing tax relief.
BNY helps intermediaries deliver scalable tax-relief services to clients in nearly 30 markets. Automation in documentation, allocation, relief-at-source and reclaims drives efficiency and supports growth.
Flexible account structures support efficient client management across segregated, fully omnibus or hybrid models, with tax-rate pooling available in the U.S. and other markets, including Ireland, Canada and Finland.
Tap into BNY’s full suite of Platforms and Solutions to amplify your experience so that you have the tools and resources needed to adapt to an ever-evolving market and its demands.
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
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