MiKaDiv Modules: Plug-and-Play Solution ensures MiKaDiv Compliance

RAQUEST empowers financial institutions to simplify complex tax reporting and achieve full MiKaDiv compliance – efficiently and digitally. RAQUEST’s Product Suite offers dedicated MiKaDiv modules tailored to each role within the process. These modules integrate seamlessly with one another, while also allowing for independent deployment to meet specific needs.

Module for Foreign Financial Institutions and BPO

• Create MiKaDiv reporting files
• Handle tax vouchers and UUID responses from custodians
• Integrate with e-filing process

Module for German Financial Institutions and German Paying Agents

• Create, import and validate MiKaDiv reporting files
• Manage overclaiming
• Create aggregated MiKaDiv reporting files for filing with German Tax Authority
• Handle tax voucher and UUID responses from the German withholding agent

Module for International Custodians

• Import and validate MiKaDiv reporting files
• Manage overclaiming
• Create aggregated MiKaDiv reporting files
• Handle tax voucher and UUID responses from upstream custodians

Strategic Value Drivers of the RAQUEST MiKaDiv Suite

• End-to-end automation of MiKaDiv reporting, including data ingestion, validation, XML generation and submission.
• Full alignment with custody chains, supporting foreign banks, intermediary banks and German reporting banks with role‑based logic.
• Integrated tax lifecycle, linking MiKaDiv reporting seamlessly with Reclaim, Relief at Source and documentation processes.
• Robust data quality and auditability through comprehensive rule‑sets, automated corrections and transparent processing indicators.
• Modular and scalable architecture, ready for future regimes such as FASTER and adaptable to different custodian formats.