RAQUEST partners with WTS
Submit Withholding Tax Refund Applications via the mass data interface DIP.KaFE
RAQUEST has launche a dual solution for submitting withholding tax refund applications through the new mass data interface, DIP.KaFE, launched in mid-July 2024 by the German Tax Authority (BZSt). This solution is designed for financial institutions to comply with the digital submission requirements set by the BZSt. It includes a comprehensive module for RAQUEST clients and a stand-alone Excel-based procedure for non-clients, facilitating quick and efficient digital bulk submissions.
Withholding Taxes – Higher, Further, FASTER?
EN RAQUEST experts have developed a factsheet, which discusses the challenges and opportunities the FASTER- initiative holds for banks, tax authorities, investors and financial service providers. By introducing faster, simpler, and more digital application processes, the initiative seeks to enhance the attractiveness of the European capital market and combat tax fraud. It is expected to revolutionise cross-border investments and overall improve the EU’s tax landscape.
Karl von Rohr appointed as new member of the RAQUEST Advisory Board
Karl von Rohr has been appointed as a new member of the advisory board of RAQUEST. His extensive experience in the banking sector, amongst others at Deutsche Bank, is expected to provide valuable insights and guidance to RAQUEST as it continues to expand its services in the financial technology landscape. This appointment marks a significant step for RAQUEST in strengthening its strategic direction.
Asset Manager and Withholding Tax: Problems, Options and Best Practices
EN Curious to learn what RAQUEST can do for asset management companies?
Then delve into the article “Asset managers and withholding tax: Problems, options and best practices for asset managers in withholding tax processing”, published in the Journal of Securities Operations & Custody Vol.16 No.1. Our RAQUEST experts had the honour to give the readership of Henry Stewart Publications an overview on the topic of withholding tax management in asset management companies including targeted solutions from the RAQUEST software, which enables, for example, the identification of outstanding account receivables against financial institutions/financial authorities as well as banks and facilitates the automatic generation of applications and their electronic submission.
Mastering Data Transfer to Tax Authorities
MiKaDiv and the new German reclaim interface: Financial institutions in a race against time
EN In the interview Ulrich Vogl, CTO of RAQUEST and Manfred Artmeier, Head of Growth at RAQUEST discuss the progress of digitalisation in reclaiming foreign withholding taxes, highlighting the shift from physical forms to digital procedures in more and more European countries. It also introduces RAQUEST’s STTI interface, which facilitates secure and efficient digital transmission of tax information, adaptable to various tax authorities’ procedures. The interface is designed to integrate seamlessly into existing bank systems, offering a standardised and scalable solution while ensuring data security and compliance with regulatory updates.
Withholding tax processing: Outsourcing vs. In-house
Discover more about the
decision-making process for financial institutions regarding whether to manage withholding tax processing in-house or outsource it. The blog article highlights the benefits of digitisation in reducing processing times and costs and compares the two approaches in terms of data delivery, security, infrastructure, customer communication, compliance, and reporting.
Digital application procedures: Farewell to the paper-based approach
The transition from paper-based to digital application procedures for financial institutions is in full swing. The implementation of the German Federal Central Tax Office’s (BZSt) upcoming mass processing interface is approaching very fast. RAQUEST’S STTI interface facilitates secure and efficient digital data transmission to various tax authorities, including those in Germany, Denmark, Switzerland, and Austria and offers several benefits, such as reduced costs, fast implementation, seamless integration with existing systems, and continuous compliance with changing tax regulations.
Mass processing interface of the German Federal Central Tax Office (BZSt)
The new mass processing interface by the German Federal Central Tax Office (BZSt) for digital submission of withholding tax reclaims is set to be deployed in 2024. Our blog article highlights the challenges and necessary extensions for the STTI interface to meet the new data requirements, as well as the urgency for banks to implement this process promptly to avoid issues with reclaiming income from 2020.
