TriRefund – Withholding Tax Recovery

What is MiKaDiv?

MiKaDiv (Mitteilungsverfahren Kapitalertragsteuer auf Dividenden) is Germany's new electronic notification system for withholding tax on dividends. It modernises and speeds up the recovery process.

A strategic market

26%

Standard withholding rate in Germany

€50M+

Reclaimable annually

DAX 40

Companies covered

The benefits of MiKaDiv

Faster processing

The electronic process sharply cuts delays. No more mailing paper forms: everything is done online, securely.

Fewer errors

Standardised electronic transmission minimises input errors and speeds up validation by the Bundeszentralamt für Steuern.

Guaranteed compliance

The system ensures all required information is provided in the expected format, reducing follow-up requests.

How does MiKaDiv work?

1Data collection

Financial institutions collect the information on dividends paid and beneficial owners.

2Electronic transmission

Data is transmitted securely via MiKaDiv to the Bundeszentralamt für Steuern (BZSt).

3Automated validation

The system automatically checks data compliance and flags anomalies.

4Faster refund

Once validated, the refund of excess withholding is processed much faster than with old paper procedures.

Who is concerned?

Custodian banks

Responsible for transmitting data.

Asset managers

Must ensure compliance.

Institutional investors

Beneficiaries of optimised recoveries.

TriRefund's MiKaDiv expertise

TriRefund masters the specifics of MiKaDiv and supports clients in optimally recovering withholding tax on German dividends, with full compliance.

MiKaDiv test

MiKaDiv