RAQUEST and Grant Thornton cooperate on MiKaDiv Reporting
The audit firm Grant Thornton AG Wirtschaftsprüfungsgesellschaft will rely on the technology of the fintech company RAQUEST in future to provide international financial institutions with a new offer called “MiKaDiv as a Service”. The goal of this partnership is to establish a fully digital and regulatory-compliant solution for the MiKaDiv reporting procedure under Section 45c of the German Income Tax Act (EStG) and to position both companies as leading providers in the field of international tax reporting.
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.
MiKaDiv and the new German reclaim interface: Financial institutions in a race against time
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.