Germany's digital revolution in withholding tax
MiKaDiv (Mitteilungsverfahren Kapitalertragsteuer auf Dividenden) is Germany's new electronic notification system for withholding tax on dividends. It modernises and speeds up the recovery process.
The electronic process sharply cuts delays. No more mailing paper forms: everything is done online, securely.
Standardised electronic transmission minimises input errors and speeds up validation by the Bundeszentralamt für Steuern.
The system ensures all required information is provided in the expected format, reducing follow-up requests.
Financial institutions collect the information on dividends paid and beneficial owners.
Data is transmitted securely via MiKaDiv to the Bundeszentralamt für Steuern (BZSt).
The system automatically checks data compliance and flags anomalies.
Once validated, the refund of excess withholding is processed much faster than with old paper procedures.
Responsible for transmitting data.
Must ensure compliance.
Beneficiaries of optimised recoveries.
TriRefund masters the specifics of MiKaDiv and supports clients in optimally recovering withholding tax on German dividends, with full compliance.
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