Saphyre, Inc., an industry award winning fintech company using patent-approved technology to solve pre-trade activities and post-trade issues, announces, in collaboration with WTax USA Inc, a revolutionary approach to tax reclaims that expects to redefine the industry standard. This strategic relationship leverages Saphyre’s cutting-edge technology and WTax’s extensive expertise to deliver an unparalleled tax reclaim experience. The Saphyre WTax collaboration is a significant step towards a future where tax reclaims are no longer a burden but an opportunity for growth and efficiency.
The process of withholding tax reclaims has long been a complex and daunting task for investors worldwide. The intricate nature of reclaim procedures, coupled with the need for precise documentation and adherence to strict deadlines, has made it a challenging endeavor.
Saphyre and WTax are looking to tackle these challenges head-on. By integrating WTax’s global reach and knowledge with Saphyre’s real-time, verified ‘golden source’ data, this arrangement is set to streamline the withholding tax reclaim process like never before.
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Industry Comments
“In today’s fast-paced business world, the ability to onboard efficiently is not just an advantage, it’s a necessity. Saphyre’s platform revolutionizes the onboarding process and with WTax by our side, it will allow us to improve the very cumbersome tax reclaims process for our mutual clients,” says Ray Shivers, Saphyre’s COO, “Our authoritative data source minimizes errors and allows WTax to efficiently maximize withholding tax refunds for investors and financial institutions.”
Iain Kedzlie, WTax’s Chief Revenue Officer, emphasizes that, “Our alliance signifies an important enhancement in the withholding tax recovery services offered to Saphyre’s clients and represents a key advancement in the standards of tax services within the financial sector. Together, we aim to revolutionize the withholding tax recovery landscape, making it more efficient, accessible and beneficial for investors worldwide.”
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