Mandatory reporting of tax strategies
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Sealing
Mandatory reporting of tax strategies
The tax amendments of last November have brought an additional reporting obligation for certain entities, who will now be required to report on their tax strategies.
This mandatory reporting covers:
- tax groups, regardless of earned revenues;
- taxpayers generating revenues of more than EUR50 million.
There is as yet no definition of a ”tax strategy” in these regulations.
However, the scope of data to be reported indicates that the tax strategy should include at least:
- processes and procedures for managing the fulfilment of tax obligations (preferably broken down by individual taxes) and ensuring their proper implementation;
- rules of procedure for specific situations, e.g. identification of a tax scheme, filing of a request to the tax authorities;
- ensuring “arm’s length” conditions for transactions involvingrelated parties;
- identifying tax risks.
Taxstrategy reportspublishedby tax groups (PGKs) should allow for identifyingthe tax strategy implemented not only by the group as a whole but also by each group company.
How can we assist you?
- We will identify data needed to produce yourtax strategy report;
- We will provide comprehensive assistance in developing your tax strategy;
- We will prepare the draft tax strategy reportto be published on your website.
