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Start date of January 1, 2025 is approaching rapidly
By Yves ELOMO ONANA, Managing Director Divizend
The implementation of the “Mitteilungsverfahren Kapitalertragsteuer auf Dividenden” (MiKaDiv), introduced by the German Tax Relief Modernization Act (AbzStEntModG), marks a decisive change in the handling of withholding taxes on German dividends.
Designed to increase transparency and streamline tax reporting, MiKaDiv requires detailed reporting of capital flows by paying agents and custodians to the German Federal Central Tax Office (BZSt) via an electronic interface. This regulatory update is a critical response to past issues such as cum-ex/cum-cum transactions, aiming to strengthen the integrity of tax...
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