Corporate tax

Corporate tax  Taxes  Vision  Opportunities  Risk

Taxes

The term ‘taxes’ is readily associated with administrative obligations attached to running any business, and as such these obligations are considered a necessary evil. Hence the burden of correspondence with the tax authorities and a series of complicated forms. However, filling in tax returns is merely the final stage of a larger process. The amount of corporate income tax due is determined by the choice of legal form, the way in which the business is financed and how the company shows its assets and liabilities on the balance sheet. Moreover, in the case of larger businesses it is important which functions are performed by different units in the business and how the business has organised its operating capital and important assets such as patents and trademark rights.

As the payment of taxes easily constitutes a dominant cost item within most businesses, it is well worthwhile focusing attention on controlling the tax process. This process becomes more complex as businesses grow and more companies and/or countries become involved.

Vision

Fisconti firmly believes that a company’s tax strategy should support its business operations and not the other way round. Our primary goal is to eliminate or reduce tax obstacles that you may be confronted with in the running of your business. We aim to simplify the tax environment of your business as much as possible without oversimplifying tax issues and without missing tax opportunities. We strive towards giving you maximum insight into your tax opportunities and exposures.

We do not try to sell standard ‘solutions’ to the market. In many cases these are nothing more than trying to fit a square peg into a round hole. This does not mean, however, that we reject standard procedures or working in a structured manner. Nor do we feel in any way reluctant to put forward interesting ideas which we think perfectly fit your organisation or business. Here again a strong relationship and good communication can create such opportunities because they ensure that we have an optimum understanding of your company’s needs.

Exploiting opportunities

Many decisions that are made within a business have tax consequences. How do you know what decision is best from a tax perspective? Fisconti advises companies which structure offers them most benefits and how a cooperation or joint venture can best be shaped. A good understanding of tax matters is also important for companies undertaking mergers, acquisitions and reorganisations since it enables them to achieve the maximum benefit and ensures that tax advantages (such as tax losses or reserves) are fully utilised. The same applies when planning to expand activities (abroad, for example) and when making substantial investments.

Financing issues are of particular relevance to businesses today. The tax rules concerning the deductibility of interest have become increasingly complex in recent years. Fisconti helps businesses to structure their financing to ensure the interest is tax deductible.

Businesses not intending to enter into major transactions, investments or financing commitments can also often take advantage of tax opportunities that are available. It may be in your businesses’ interest to switch to another system of valuing your inventories or work in progress.

For us, ‘taking advantage of opportunities’ can also mean that our advice enables you to fully utilise commercial opportunities, without facing any tax obstacles along the way. This may involve us advising you to restructure, for example, or advising you on a tax-efficient way of selling (parts of) your business or allowing them to merge.

Limiting Risks

It is impossible to run a business without taking risks. The skill is in controlling and limiting those risks. Tax risks are also part and parcel of running any business. The tax authorities may interpret statutory provisions and regulations differently from what you intended and found reasonable, for example, the actual execution of transactions or acivities may be slightly different from what you had planned, or you may have to deal with fundamentally different tax rules in another country. And how can you respond adequately to continually changing tax rules in the Netherlands, within the European Union and in other countries in which you operate? Fisconti helps you gain insight into the tax risks within your business, enabling you to manage them effectively. Of course, there is no need for you to re-invent the proverbial wheel in doing so. Rather, you can use Fisconti´s considerable experience in taking practical measures to limit your tax risks.

Our Experts in Corporate Taxation.

Jan van tilburg

Guido van Asperen

Simon Vermeij