Divizend is an international financial services company with a global presence and legal entities in Germany, Luxembourg, Switzerland, and Singapore. Leveraging cutting-edge technology and expertise, Divizend specializes in simplifying complex financial processes for tax reclaims, catering to both private and institutional clients.
With a commitment to innovation and excellence, Divizend continues to redefine the future of financial services. Divizend, is proud to unveil its cutting-edge bulk processing solution designed to simplify the complexities of the BZSt portal for tax reclaims from Germany.
This breakthrough solution, revolutionizes the process of foreign withholding tax refunds for both private and institutional customers and would prevent significant loss of time and capital to all financial players.
Transforming Tax Reclaims with Divizend
Divizend, renowned for its expertise in navigating intricate financial landscapes, has taken a significant step forward. This new solution addresses the challenges associated with the “Entlastung von der deutschen Kapitalertragsteuer” (KAFE) procedure, enabling seamless German withholding tax reclaims from the German Federal Tax Authority/Bundeszentralamt für Steuern (BZSt).
This innovation comes in response to Germany’s recently passed “Abzugsteuerentlastungsmodernisierungsgesetz” or “Withholding Tax Relief Modernization Act,” effective since July 1st, 2023.
A Landmark Achievement Divizend’s Approach to Bulk Processing
Divizend proudly introduces the world’s first and currently only bulk submission capability for German reclaims. This revolutionary advancement includes an innovative Robotic Process Automation (RPA) mechanism, paving the way for swift, accurate, and efficient reclaims.
Even before the release of the XML-based interface for KAFE, Divizend’s bulk processing solution is set to redefine how businesses and individuals navigate the complex world of tax reclaims.
Divizend’s commitment to excellence is evident in its approach to bulk processing.
The company employs state-of-the-art encryption technologies to ensure the security and confidentiality of sensitive financial data. With Divizend Steuerberatungsgesellschaft mbH, a licensed tax advisory company in Germany, as a key partner, the submission process is streamlined. Beneficiaries simply need to grant power of attorney, making the process more convenient and user-friendly.
Conclusion: Pioneering the future and continuous innovation
As a testament to Divizend’s dedication to innovation, the company is an active participant in the BZSt User Group for the upcoming XML-based interface for submitting KAFE claims. This interface, anticipated for release in 2024, further underscores Divizend’s commitment to staying at the forefront of financial technology developments.
Divizend’s approach marks a significant leap forward in simplifying the landscape of German withholding tax reclaims. By providing a comprehensive and automated bulk processing solution, Divizend reaffirms its commitment to efficiency, accuracy, and customer-centric financial services.
For all inquiries, please visit https://business.divizend.com or contact [email protected]
