Needless to say, the tax risks associated with transaction planning have an impact on business decisions.
The risk awareness of Grant Thornton’s tax advisers help to limit the tax risks arising in the course of business activities, both with respect to completed transactions and planned transactions.
- Enquiries to the tax authority/Ministry of Finance
- Applying for binding preliminary decisions
- Conducting an inspection in preparation for a tax audit
- Advice on tax audits and case inspections
- Representation in tax disputes (challenges and court proceedings)
Needless to say, the tax risks associated with transaction planning have an impact on business decisions. The risk awareness of Grant Thornton’s tax advisers help to limit the tax risks arising in the course of business activities, both with respect to completed transactions and planned transactions.
Taxation is a highly specific and complicated area, where the legislator’s misdoings often give rise to heated debates between those facing the task of implementing the law. Our primary objective is to prevent potential tax disputes. This requires involvement in very early stages. On a daily basis, we submit justified petitions and motivated applications for approval to the tax authority as well as the Ministry of Finance in matters where the current administrative practice lacks clarity or proves to be non-existent. We formulate an opinion based on the customer’s interests and, where necessary, defend our positions before the tax authority or the Ministry of Finance.
To ensure legal certainty, we advise customers, in matters of importance, to request a preliminary decision from the tax authority. The diversity of opinion and staff dynamics of the tax authority do not provide the best of guarantees regarding future validity of the official position presented to the taxpayer. We help our customers to carry out the formalities and verbalize the arguments in such a way as to allow for a substantive response to the enquiry.
By nature, tax proceedings are encumbering for the taxpayer. Thus, unless the taxpayer is well-informed of his or her rights and obligations, we recommend contacting experts who address these matters on a daily basis. Our tax advisers and lawyers advise customers in all matters from the initiation of the audit until court proceedings. It is often wiser to prevent frequent audits by ordering a special-purpose tax audit that allows to identify the systematic problems, and to work out a preventive solution thereof. This serves to ensure quick and efficient communication with the tax authority in case of an audit, as well as to save valuable time, cut tax costs and prevent interest on tax arrears.
The involvement of our tax advisers in the very early stages of the tax audit allows us to monitor that the tax authority implements the law correctly and guarantee the exercising of the customer’s rights in the tax proceedings. To ensure the best customer service, we keep an eye on the tax proceedings, and submit our justified claims and dissenting opinions, if necessary. In addition, we advise the revision of the tax declarations and accounting.
Our tax advisers have made sure that a bulk of tax disputes never reach the court after challenge proceedings – the tax authority has changed its initial position in line with the interests of the taxpayer. Where the matter needs to be taken to court, we have sufficient preparation and capacity to represent our customers, even before the Supreme Court.