MiKaDiv — short for Mitteilung, Kapitalerträge, Dividenden — aims to standardize reporting, data exchange, and technical interfaces between financial institutions and the tax administration. In practice, it represents a major step toward automation and transparency in WHT reclaim processes, benefiting both investment funds and custodians.
Often referred to as “baby FASTER”, MiKaDiv shares many of the objectives of the EU’s upcoming FASTER initiative, which seeks to harmonize and accelerate WHT relief-at-source and refund procedures across Europe.
For asset managers and custodians, MiKaDiv offers a valuable opportunity to build operational readiness for the upcoming EU-wide changes while benefiting from an smoother, faster tax reclaim system for German claims.
At Globe Refund, we recognized early that MiKaDiv could serve as an excellent test case for our partners. By assisting in implementation and process design, we’ve been helping institutions establish scalable workflows that will translate directly into a strategic advantage once FASTER is in place.
As the regulatory landscape evolves, custodians and investment funds involved in MiKaDiv today will be better positioned to leverage tomorrow’s competitive advantages.
➡️ Next steps:
- Engage early with MiKaDiv’s specifications and reporting standards.
- Review data management and system integration requirements.
- Build a strategic partnership with a service provider that combines tax reclaim expertise with cutting-edge technology, ensuring you benefit from these changes rather than being constrained by them.
Globe Refund remains committed to supporting its partners through these transformations — not only by managing claims efficiently, but by helping fund managers and custodians adapt and innovate within the new digital tax ecosystem. Our digital platform enables partners to stay ahead of evolutions within the tax reclaim environment, seamlessly and effectively.
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Our work focuses on providing outsourced withholding tax recovery services to safeguard your investments from over-taxation and save your time from burdensome processes.
