The "Mitteilungsverfahren Kapitalertragsteuer auf Dividenden und Hinterlegungsscheine" is part of the AbzStEntModG published in June 2021
MiKaDiv is to be applied to capital inflows by paying (custodian) institutions from January 2025, according to § 45b and § 45c EStG
requires reporting to the German Federal Central Tax Office (BZSt) via electronic interface (API) named ELMA5 for MiKaDiv mass submission
motivation: avoid cum-ex/cum-cum through more information and transparency at the BZSt
Overall information required for the reporting process
Details such as account or custody account numbers, information about trustees
Information including Legal Entity Identifier (LEI) and legal status
Data on capital income, number of securities
Details like ISIN of deposited securities, subscription ratios
reporting of additional information on the digital tax certificate as well as on the tax certificate
digital reporting instead of tax certificate
report of no or a not completely collected tax deduction
Divizend is a technology company that develops solutions for investments in dividend stocks and the associated tax issues.
Highly intuitive user interface, designed to be customer-centric from day 1.
Proven with 10,000+ active users, running productively on app.divizend.com since 2021.
High adaptability proven by serving diverse customer spectrum (individuals, tax advisors, asset managers, family offices, banks, custodians etc.).
Support OAuth-based Single Sign-On (SSO) for seamless integration into organization’s authentication.
Cloud-based or easily deployable with Kubernetes/Docker on-premise.
AES-256 encryption out of the box.
Supports enormous volumes of files and claimants effortlessly.
Provides detailed access controls for internal and external access.
Platform allows automatic import of securities portfolios through wide range of methods.
Years of experience with integrating wide spectrum of native APIs, reverse engineered APIs, CSV/Excel imports, PDF parsing, robotic process automation.
Parses and validates PDF attachment documents, automatically reconstructs transaction history.
Contains detailed historical dividend data from 10,000+ international companies, including related tax data.
Contains detailed data about 3000+ depositary receipts.
Enables inconsistency and fraud detection through cross-validation with dividend data.
Divizend provides a solid foundation, perfectly suited to your requirements.
Now let’s plug in MiKaDiv.
Active member of the BZSt’s MiKaDiv working group
Divizend GmbH is a software vendor approved by the BZSt for FSAK / MiKaDiv submissions via ELMA5
Divizend is German-speaking in both management and software development
In-depth experience through being the market leader in digital German withholding tax reclaim submissions (KaFE) in bulk via BZSt Online Portal (BOP)
Clear presentation of the data records still to be procured, uploadable e.g. as Excel, CSV, PDF or via API
Data is stored in stricly segregated AES-256-encrypted data containers
All stakeholders involved in data procurement (internal and external) receive access to the same dashboard
Final submission with just one click
All feedback from the BZSt MiKaDiv/ELMA5 API at a glance
with international investment taxation across a highly diverse spectrum of customers.
to MiKaDiv submissions with detailed access controls for all internal and external stakeholders
data upload, submission and status tracking.
in strictly segregated, secure data containers, encrypted with the industry standard AES-256
for logging every read and write action within a container
is highly customizable and can be adjusted perfectly to the format the client can provide
Everyone involved will use the same platform. Hyper-personalized. Future-proof. Onboarding of external data providers fast and free of charge. Guaranteed support for FASTER and any other potential future MiKaDiv-like regulations from other countries than Germany.
We already fixed global withholding tax refunds for everyone, from grandma to multi-billion dollar funds. Thousands of users as well as some of the world's largest financial institutions love us. Now let’s tackle MiKaDiv.
Your typical Big 4 management consultancy would just start from scratch and reinvent the wheel. You want to avoid that nightmare. In contrast, we already have a browser- and cloud-based platform with excellent user experience running. MiKaDiv is just another module.
Don’t even bother communicating with the BZSt if you’re not German. At the same time, our platform is fully internationalized. Best in-class user experience, no matter whether you speak German, English, French, Spanish, Italian, etc.
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