RAQUEST, a leading provider of software solutions for withholding tax processing, enters a strategic partnership with The Reclaim Company by Mylette. The collaboration aims to provide a holistic tax reclaim service and digital withholding tax solutions for financial institutions facing the challenges and opportunities presented by the FASTER Directive and Germany’s new bulk reclaim interface.
The partnership between Mylette and RAQUEST emerges as a timely solution for financial intermediaries confronting the growing need for efficient withholding tax recovery in an increasingly digitalized financial landscape. The new partnership strives to deliver a seamless and automated experience for banks, asset managers and financial intermediaries by streamlining reclaim processes and ensuring compliance with evolving regulatory frameworks.
RAQUEST’s product suite offers bundled withholding tax reclaim solutions across more than 35 investment markets for all major security types and investor categories. It also features seamless digital data transfer and connectivity to numerous European tax authorities. Operating under the trade name “The Reclaim Company”, Mylette provides its clients withholding tax refunds services in relation to the client’s foreign dividends and interest withholding tax and other claimable withholding taxes via the appropriate double taxation agreements and international legislation.
“With our new partnership, we are combining RAQUEST’s advanced digital tax reclaim solutions with Mylette’s hands-on expertise in withholding tax recovery“, explains Zach Benrhamous, Sales Director at Mylette “This collaboration will help financial institutions to navigate the complexities of international tax regulations with greater efficiency and accuracy. Ultimately, our joint efforts will contribute to making withholding tax recovery more accessible, cost-effective, and transparent for the entire industry”.
Roman von der Hoeh, Managing Director at RAQUEST Switzerland, adds, “We are excited to partner with Mylette to further enhance our offerings and provide our increasing number of clients with effective tax reclaim solutions. By combining Mylette’s 20 years of expertise in withholding tax recovery services with our leading withholding tax solutions, we are able to offer the right product and services tailored to the needs of our customers.”
About The Reclaim Company by Mylette B.V.
The Reclaim Company is a provider in withholding tax (WHT) recovery solutions, combining expert tax knowledge with cutting-edge technology. The Reclaim Company helps its clients to navigate complex international tax laws, treaties, and WHT regulations to maximize the refund success rate. With its extensive experience dealing with tax offices worldwide, The Reclaim Company streamlines WHT recovery, optimizes yields, and minimizes administrative burdens. By partnering with The Reclaim Company, investors can enhance performance while ensuring compliance in an ever-changing tax landscape.
For more information: thereclaimcompany.com
About RAQUEST
RAQUEST is a leading Fintech company specializing in withholding tax management for financial institutions. As part of the Halvotec Group, RAQUEST has been providing innovative software solutions for efficient withholding tax processing for more than 15 years. With a broad international client portfolio, RAQUEST has established itself as a market leader in withholding tax processing. The company is a member of key industry associations and is strategically guided by a high-profile Advisory Board. RAQUEST enables financial institutions to meet regulatory requirements, improve operational efficiency, and reduce costs while maximizing investor returns.
For more information: raquest.tax
