RAQUEST and WTS Hansuke have launched the Industry Whitepaper MiKaDiv (Mitteilungsverfahren Kapitalertragsteuer auf Dividenden aus Aktien und Hinterlegungsscheinen) at a dedicated event in Frankfurt, convening market experts to discuss one of the most significant regulatory developments currently facing the financial services industry.
As the German MiKaDiv regime moves closer to implementation, organizations are increasingly focused on the operational, governance, data, and compliance implications of the new withholding tax reporting framework. While much attention has been paid to the technical requirements of the legislation, the practical challenge for institutions lies in translating those requirements into sustainable operating models and processes.
Developed jointly by RAQUEST and WTS Hansuke in collaboration with leading industry professionals, the whitepaper provides a comprehensive analysis of the MiKaDiv regime and its implications for financial institutions. It addresses key topics including regulatory scope, market impact, implementation challenges, governance and controls, reporting obligations, and operational readiness.
The launch event, held at WTS Global's offices in Frankfurt, brought together experts from across the tax, operations, compliance, governance, and regulatory implementation functions. Discussions focused on German market infrastructure, liability and responsibilities across the withholding tax chain, data and reporting requirements, as well as practical considerations for implementation.
“MiKaDiv represents the most consequential regulatory introductions for withholding tax reporting in Germany. Successfully preparing for this transition requires more than regulatory awareness alone; it demands a clear understanding of an institution's role within the framework, a robust data strategy, effective compliance governance, and the ability to translate these requirements into sustainable operational processes.” Alexander Lerch, Co-Founder and CEO of RAQUEST, added:
“We are proud to bring this whitepaper to the industry. Developed by the industry, for the industry, it combines practical guidance, emerging best practices, and expert insight with one clear objective: helping institutions navigate the complexity of the new legislation more effectively.”
The MiKaDiv Industry Whitepaper is available for download at: https://raquest.tax/downloads/
