Digital application processes
Submit applications for withholding tax reclaims digitally via the STTI interface
More and more claiming authorities are digitising their processes - this includes the avoidance or reclaim of foreign withholding taxes. The submission of physical forms is being replaced by digital procedures. Austria, Denmark and the Netherlands require data to be transferred via web interfaces, among other methods, while Switzerland requires only the digital transfer of all information and documents for applications from Germany from the 2020 revenue year onwards. Financial institutions must prepare themselves technically for these new procedures.
Transfer applications digitally or fill out web forms automatically
INTRODUCTION STTI INTERFACE
Mastering the digital application to reclaim withholding taxes
17. November 2020, 10.00 am
Data transfer between banking system and claiming authorities
Provide withholding tax service to all clients also in the future - regardless of the required application procedure
Paper-based applications will gradually be replaced by new automated application processes. What is a great advantage for claiming authorities, means high effort for banks.
The respective systems of the countries have to be connected in a technically complex way, interfaces to the systems have to be kept up-to-date and country specifics (different data, technical formats and processes) have to be considered. Automation is also difficult to integrate into existing processes, as data and documents from different systems have to be combined and manual, paper-based steps are required, such as obtaining signatures.
The interface STTI handles all these tasks. This enables banks to offer their customers the service of withholding tax reclaim even for countries with digital application procedures.
Easy integration into processes
For automated process steps, the interface can be linked to any existing system. STTI is based on standard formats and can be technically connected everywhere.
Use for several countries
Via the interface, data can be communicated with different claiming authorities without having to worry about specifics of the respective systems and technologies.
Uniform data exchange
The system offers a uniform interface in terms of technology and data format. Internal systems only need to be coupled once, so that integration efforts are drastically reduced compared to a direct coupling with each claiming authority.
High security & compliance with data protection
The banking sector requires a higher level of protection. This is ensured by encrypted data transmission, storage and access control mechanisms. As soon as an application process is completed, all data protection-relevant information is deleted; non-data protection-relevant information is retained for traceability.
STTI AT A GLANCE
Use STTI with or without RaQuest
STTI integration in RaQuest
The STTI interface connects the withholding tax software RaQuest with claiming authorities - for an automated end-to-end reclaim process
STTI as stand-alone
The STTI interface can also be used without the implementation of RaQuest - for an application via your existing system
Would you like to automate not only the data transfer but the entire process of withholding tax handling?
With the software solution RaQuest you can release your customers from withholding tax in advance or reclaim it later. RaQuest as leading software for the efficient processing of foreign withholding taxes reduces process duration as well as process costs, offers your customers an extended service and turns your cost center into a profit center.