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Corporate tax strategy

Tax strategy - a new obligation for companies

Who does it concern?

Groups and taxpayers whose taxable income exceeds the equivalent of EUR 50 million in a tax year.

Since when has it been in use?

The new obligation entered into force on 1 January 2021.

What does it cover?

The obligation concerns the publication of information on the executed tax strategy.

The aim of the new obligation is to increase tax transparency of entrepreneurs through the necessity to disclose on the company website, among others:
  • information about the processes and procedures for managing the company's compliance with tax law obligations;
  • forms of voluntary cooperation with tax authorities;
  • a range of static information regarding:

    1. transactions with related parties whose value exceeds 5% of total assets;
    2. notified tax schemes;
    3. restructuring activities planned or undertaken by the taxpayer;
    4. applications submitted by the taxpayer for issuance of individual interpretations, binding rate and excise information.

  • benefits from the new regulation.

Preparing to fulfil the new obligation is an opportunity for entrepreneurs to put their tax policy in a comprehensive order and to introduce a transparent system of operation for the future.

As part of the company's tax strategy, we support clients in the following areas:

conducting a preliminary audit of the tax strategy, during which we identify the main areas of risk, then we verify the procedures and processes for managing the performance of obligations under tax law;

developing or updating written procedures that have been functioning in the company so far (e.g. VAT due diligence procedure, withholding tax, reporting tax schemes, the procedure for dealing with irregularities detected or reported by whistleblowers);

preparation of a responsibility map - we put in order the actual scope of responsibilities for individual positions of responsibility division; we limit the risk of unjustified personal liability;

implementation of a long-term tax strategy - a document that organises and implements tax order in the company based on the adopted tax procedures;

information development on the implementation of the tax strategy in a given year, with care for adequate media coverage and corporate image, and also limiting the information disclosure covered by trade, industrial, professional, or production secrets.