RAQUEST, leading Fintech company and provider of withholding tax management solutions, partners with TaxTec, UK-based company focused on offering digital tax recovery services. The partnership combines RAQUEST’s expertise and an innovative solution suite with TaxTec’s advanced reclamation services to deliver unique withholding tax solutions to financial institutions in the UK and globally. This collaboration aims to address market infrastructure challenges, regulatory changes and enhance investment returns for institutional investors.
Through their synergistic partnership, RAQUEST and TaxTec offer financial institutions digital solutions and services that streamline withholding tax processes, foster transparency and cost-efficiency while adeptly addressing the challenges of an increasingly complex regulatory environment. The alliance will focus on leveraging the strengths of both companies to enhance their offerings. By combining RAQUEST’s expertise in withholding tax processing and sophisticated solutions with TaxTec’s proficiency in tax recovery, the collaboration aims to deliver a broader and more adaptable range of solutions and services. The expanded offering will cater to the diverse needs of different financial institutions and investors, from Relief at Source to Quick Refunds and standard reclaim requests. Additionally, both companies emphasized their commitment to ongoing innovation and client service. Clients of RAQUEST and TaxTec can look forward to holistic and seamless integrated services, leading to new solutions that address the evolving market needs and regulatory requirements. Innovative technology combined with digital solutions and services will streamline processes, minimize errors, and optimize tax recovery by maximizing returns for investors.
Alexander Lerch, Co-Founder & CEO of RAQUEST, commented on the partnership, saying: “Teaming up with TaxTec allows us to address the complexities of the UK withholding tax landscape while providing DACH region clients with digital and comprehensive services for efficient tax recovery. We see great opportunities for collaboration and synergies by combining our strengths to expand and enhance our product suite.”
Stephen Everard, Co-Founder and CEO of TaxTec, added: “Our partnership with RAQUEST marks another important milestone in the evolution of our business. The combination of RAQUEST’s relief at source capabilities and TaxTec’s AI-enabled tax recovery platform enables us to expand our offering for the mutual benefit of both organisations and the institutional investor clients we serve.”
Founded in 2023, TaxTec is revolutionizing tax recovery for institutional investors and their agents. Utilizing the latest AI-enabled digital technology, our highly automated global tax recovery proposition and client-centric service model maximize reclaim opportunities for our clients across all major markets. TaxTec clients recover more tax at lower cost enhancing their investment returns.
For more information, visit taxtec.co.uk
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. The modular B2B software suite supports all common tax relief procedures and navigates complex, global tax landscapes. With a broad and international client portfolio of renowned financial institutions, 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, increase efficiency, and reduce costs while maximizing investor returns.
For more information, visit raquest.tax
