EXCLUSIVE: TaxTec, Proxymity, and Label set to collaborate
02 April 2026 Germany
Image: flashpics/stock.adobe.com
TaxTec, Proxymity, and Label have announced a collaboration to support compliance with MiKaDiv, developing an integrated end-to-end solution designed to connect data origination, validation, and regulatory reporting across the custody chain.
MiKaDiv, the EU’s proposed directive on faster and safer withholding tax relief procedures, has introduced new regulatory expectations for financial institutions involved in cross-border investment processing.
David, co-founder at Label, comments: “MiKaDiv is raising the bar for tax operations. It’s not just about reporting, it’s about connecting data, validation, and workflows across the full custody chain, from source to submission. By bringing our capabilities together, we’re delivering that end-to-end infrastructure for the first time.”
The framework requires market participants to exchange and validate information across issuer, intermediary, and investor layers, while producing structured, schema-driven reporting outputs designed to improve transparency, and reduce the risk of tax fraud.
Within the framework, Proxymity provides connectivity to issuer and investor data, forming the upstream data foundation.
TaxTec’s platform will aggregate and normalise data across custodians and intermediaries while supporting validation and workflow orchestration across the custody chain.
Label’s technology is designed to generate MiKaDiv-compliant schema outputs and submission-ready regulatory reports.
Beyond MiKaDiv, the firms say the infrastructure could support other regulatory frameworks focused on tax transparency and cross-border reporting, including initiatives such as FASTER and TRACE, which aim to standardise withholding tax relief procedures and improve information exchange between market participants and tax authorities.
Stephen Everard, CEO at TaxTec, says: “MiKaDiv is exposing a fundamental gap in how withholding tax is managed. By bringing together TaxTec, Proxymity, and Label, we are solving that gap at its core, with a fully connected infrastructure spanning data, workflow, and reporting.”
Dean Little, CEO at Proxymity, adds: “This collaboration extends our suite of data enabled services into Tax. By seamlessly connecting issuers, intermediaries and investors through our digital network we can help parties fulfil their MiKaDiv reporting obligations.”
MiKaDiv, the EU’s proposed directive on faster and safer withholding tax relief procedures, has introduced new regulatory expectations for financial institutions involved in cross-border investment processing.
David, co-founder at Label, comments: “MiKaDiv is raising the bar for tax operations. It’s not just about reporting, it’s about connecting data, validation, and workflows across the full custody chain, from source to submission. By bringing our capabilities together, we’re delivering that end-to-end infrastructure for the first time.”
The framework requires market participants to exchange and validate information across issuer, intermediary, and investor layers, while producing structured, schema-driven reporting outputs designed to improve transparency, and reduce the risk of tax fraud.
Within the framework, Proxymity provides connectivity to issuer and investor data, forming the upstream data foundation.
TaxTec’s platform will aggregate and normalise data across custodians and intermediaries while supporting validation and workflow orchestration across the custody chain.
Label’s technology is designed to generate MiKaDiv-compliant schema outputs and submission-ready regulatory reports.
Beyond MiKaDiv, the firms say the infrastructure could support other regulatory frameworks focused on tax transparency and cross-border reporting, including initiatives such as FASTER and TRACE, which aim to standardise withholding tax relief procedures and improve information exchange between market participants and tax authorities.
Stephen Everard, CEO at TaxTec, says: “MiKaDiv is exposing a fundamental gap in how withholding tax is managed. By bringing together TaxTec, Proxymity, and Label, we are solving that gap at its core, with a fully connected infrastructure spanning data, workflow, and reporting.”
Dean Little, CEO at Proxymity, adds: “This collaboration extends our suite of data enabled services into Tax. By seamlessly connecting issuers, intermediaries and investors through our digital network we can help parties fulfil their MiKaDiv reporting obligations.”
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