STTI GATEWAY
Reclaim withholding tax digitally
Secure data transfer between banks and tax authorities.
DIGITIZATION OF TAX AUTHORITIES
Digital withholding tax
reclaim with STTI
Tax authorities continue to drive digitalisation forward. In order to continue offering withholding tax reclaim services throughout all markets financial institutions are challenged to implement holistic solutions.
STTI enables a secure and smooth data transfer to every tax authority that demands a digital claiming procedure.
DATA TRANSFER
Mastering digital claiming procedures
STTI is the leading gateway facilitating the efficient transfer of tax-related data and documents between banks' internal systems and tax or application authorities, regardless of the required procedure. It supports electronic form submission or seamlessly transfers data to web forms.
Applications via web form
- Austria
- Denmark
Applications via programming interfaces (APIs)
- Switzerland
- Germany
- Netherlands
All-in-one approach for seamless data transfer
STTI GATEWAY
Supported tax authorities
STTI already covers various tax authority systems. As expected, more tax authorities will gradually require electronic procedures and provide corresponding interfaces. Tax domiciles and investment markets in RAQUEST’s STTI can therefore be expanded on a modular basis.
New German Reclaim Interface
Financial institutions are constantly challenged to comply with requirements of the tax authorities. A present challenge is the implementation of the German Tax Authority's upcoming mass processing interface scheduled for rollout by 2025.
Digital Application
Efficient workflow between financial institutions and tax authorities
Request
A controlling application (e.g. RAQUEST) triggers an application
Validation
STTI validates the request, demands manual steps if necessary and sends data to the claiming authority
Notification
If documents are missing, the controlling application is informed. These can be submitted manually via web link
Correction
STTI includes functions to correct any discrepancies (e.g. in case of errors in the application data or if applications are rejected / cancelled for various reasons)
Submission
STTI maps the data to the appropriate data format and transfers the data in a secure way via the given transmission protocol to the tax authority
Status message
Status messages keep the controlling application informed of the processing status at all time
Data deletion
After completion, the request is closed in STTI and all data is deleted
STTI
Streamlined connectivity to tax authorities
using one unified gateway
Sophisticated and market-proven solution
Standardised to meet various market technologies & processes
CONNECTABLE TO EVERY BANK’S CORE SYSTEM
End-to-end datA encryption for maximum reliability and security
Continuous updates including regulatory CHANGES
FLEXIBLE OPERATInG MODELS
RAQUEST
Your withholding tax solutions provider and implementation partner
With over 15 years of expertise in foreign withholding tax, RAQUEST is the market-leading software solution for withholding tax processing in Europe. Our success is rooted in the synergy of in-depth knowledge and a collaborative approach with our clients, developing products for an interconnected financial industry.
The development of STTI has been informed by profound expertise and detailed knowledge of complex tax regulations. In order to elaborate an interface as user-oriented and effective as possible, we proactively worked with tax authorities and customers, by setting up expert groups and participating in user groups, to identify and shape requirements prior to the technical implementation.
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Flexible Operating Models
STTI as an add-on to RAQUEST
The STTI interface connects the withholding tax software RAQUEST with tax authorities – enabling an automated end-to-end reclaim process.
STTI as a stand-alone application
STTI can be integrated with any existing withholding tax software – for reclaim applications via your system.
