This year sees another compliance duty for the largest taxpayers as they must disclose their tax strategies. The new requirement applies to tax groups and other taxpayers whose revenue exceeds the equivalent of EUR 50 million within the tax year. These taxpayers will have to formulate, draw up and publicly disclose various information, including about their compliance management processes and procedures ensuring that tax obligations are duly complied with. In other words, they will have to prepare their tax strategies.
What is a tax strategy? What guidance should be used in its preparation? What are its content requirements? When should it be published? What to do to make sure it is ready on time? These are just some of the questions that come to mind when you think about this new compliance duty.
Do not hesitate to contact us if you would like to discuss any issues you may have with this new disclosure requirement.
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