Wednesday, 4 September 2024 | 13:00 - 13:40
Digital shift in withholding tax: FASTER, MiKaDiv, Trace & Co. challenging the financial industry
- Custody
- Technology
- Regulation
- Sourcing and procurement
Tax digitalization is gaining momentum. If all member states agree, FASTER will be implemented across Europe by 2030. The BZSt aims to launch its digital reclaim interface by 2025, at the same time the new MiKaDiv reporting procedure becomes mandatory for custodians and domestic paying agents. What drives this push for digitalization? While the digization efforts are commendable, the complexity and challenges for financial institutions remains high – let's shed a light on the status quo, scenarios and impacts for financial instiutions to adapt those new regulations.
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1 speaker
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