Naqoda Announces Version 2 of German Tax Engine

16 May 2013

Naqoda Ltd, a provider of software solutions and services to the financial industry, today announced the upcoming release of version 2 of its German Flat Withholding Tax software. The standout feature of this new release is the extension of the solution to include support for a variety of securities and treasury products.

Erik Bogaerts, CEO, commented: “So far our solution was mainly focused on cash based products and mutual funds. The fact that we started with mutual funds, one of the more complex securities products to calculate withholding tax for, paves the way for an easier extension to supporting other types of securities. Following our recent opening of an office in Germany, we see exciting and strong opportunities for this new version of our software. It will be of great value to new and existing clients alike.”

Version 2 is scheduled for release mid-­â€summer 2013.

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