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.
RAQUEST enters strategic partnership with Bolzano-based PRADER BANK and pushes its entry into the Italian market
RAQUEST enters a strategic partnership with Prader Bank, based in Bolzano, marking its entry into the Italian market. This collaboration aims to enhance RAQUEST’s presence in Italy by leveraging Prader Bank’s local expertise and network. The partnership is expected to facilitate the provision of RAQUEST’s innovative tax reclaim solutions to Italian financial institutions, expanding its reach and influence in the region.
