SERVICES

Services : Fiscal HelpDesk
 

FISCAL HELPDESK

Did you know… many of the tax inspections made may be declared null due to the non fulfillment of procedural and formal conditions?

Tax Inspections

To answer the demands of our Clients in the field of tax consultancy, we attend Tax Authorities Inspections and follow the preparation of tax administrative files.

We suggest the best solutions possible, based on the most qualified information and fiscal documentation, in conformity with current legislation, and always taking into account the needs and objectives of the Client.

Our consultants, who are highly specialized and experienced professionals, will always be available to support any decision made, by making available the most current and accurate information.

We research all the legislation, administrative instructions, case law from national and European courts, national and European legal theory, etc.

We create reports, opinions and other work that result from studies on any matter of a fiscal nature, emitting mere guidelines, with absolute respect for the Clients final decision.

Approach

VAT Company will supply, at the request of the Client, the services of studying, attending and overseeing Inspections made by the Tax Administration.

The client will supply all the information that may be relevant so as to allow a services proposal to be presented, which stipulations (including cost) will be established taking into account the previous analysis of the issue.

Once a service contract is signed our consultants will prepare and select the most current and accurate information available.

It is essential that we should have access to information regarding the tax situation of the Client in what concerns the matter that is to be studied, although we will always have the highest respect for the confidentiality and reserve in what regards any information that may be acquired in the course of the fulfillment of services.

Fundamental areas to monitor:

  • Scope and types of tax inspection procedures;
  • Stages of the tax inspection procedure;
  • Tax infringements detected during the tax inspection procedure;
  • Rights and Guarantees of the taxpayers.

Example of matters to be researched:

  • All legislation, tax authorities instructions, legal theory and case law, to be addressed in reports, opinions and other work;
  • Rights and Guarantees within the tax inspection;
  • Lapse of right of assessment and period of limitation;
  • Tax inspection without forewarning;
  • Nature and requisites of the service order regarding the Inspection;
  • Information to be supplied to the taxpayer;
  • Third party information requests;
  • Access to bank information and documents;
  • Deadline and duration of the tax inspection;
  • Cooperation with the tax authorities;
  • Technical corrections and indirect methods;
  • Inspection Report;
  • Right to a hearing;
  • Revision of the taxable amount;
  • Responsibility of administrators, directors and managers;
  • Tax administrative fines.
Transfer Pricing

Where Finance is geared on maximizing profits, and defining where to collect them, and Legal is geared on minimizing risks, the information provided by an operator to the Customs authorities all along his supply chain with regard to the Customs value of imported goods may severely affect the credibility of its Transfer Pricing policy, when looked at in a combined manner and joint analysis by both the Tax and Customs authorities.

A critical aspect for large company groups is transfer pricing. An adequate planning is necessary to insure maximum efficiency and to reduce tax risks. According to the legislation applicable in each jurisdiction, the fulfillment of formal aspects is necessary, as such, VAT Company supplies to its clients a consultancy service in:

  • Preceding Agreements with Tax Administrations;
  • Analysis of prices used in intra-group transactions;
  • Preparation of documentation regarding transfer pricing.
Customs Services

The activities of companies and the commercialization of their products and services demand knowledge of the formalities involved in imports/exports.

The customs parameters not only are of material importance in a context of costs reduction policy but can be traced and managed all along the supply chain. Compliance, facilitations and optimizations are key words in an electronic and security sensitive environment. These customs parameters concern not only production and logistics but also legal and finance.

Even within the EU, and with the freedom of movement law, there are legal procedures that must be observed. Whether crossing borders, or at an intra-European level, VAT Company will take charge of all customs formalities from mediation and consultancy to Tax Representation.

Fiscal Due Diligence

The Fiscal Due Diligence is a process of evaluation / review on any company at the request of a prospective buyer in order to minimize the risk of an operation.

Similar to a tax audit, the Due Diligence allows the investor to know in a short time if what are the main risks and fiscal aspects to consider before and after any business.

VAT Company prepares for its clients the process of Due Diligence Tax on companies who want to buy so they can make a decision based on reliable information.

Steps to be followed during a Fiscal Due Diligence:

  • A complete study of all the activities of the company;
  • Analysis and diagnostic of the company;
  • Report on the critical issues and legal recommendations.
Environmental Taxes

Now, with the politically correct “green-bio sensitive”, the Environmental Taxes are the budgetary tool by excellence for governments looking for financial resources in a period of economic crisis.

Very often handled with undeniable resemblance to VAT, Environmental Taxes are also sometimes audited by Customs and can concern both producers and final consumers.