Strategy - Digitalisation - Implementation - Compliance
In Luxembourg, we are nearly 700 tax and accounting professionals to assist businesses, individuals and organisations with tax strategy, planning and compliance. Our firm also provides a wide range of tax advisory services. With 30,000 dedicated specialists in over 140 countries, you can rely on our teams of professionals to help you wherever you may be.
In a constantly evolving business, political and cultural environment, the pace of change has made the efficient management of a business and understanding the big picture on a global scale more complex than ever. This requires specific know-how coupled with experience. We assist you in the analysis of your company’s tax situation and with any domestic or international tax questions you may encounter. As corporate tax experts, we help you navigate through coming challenges, especially as the OECD Base Erosion Profit Shifting ("BEPS") takes over the world.
Globalisation and the continued growth of international trade have made intercompany pricing a material and challenging issue for many businesses. The increasing complexity of businesses, together with the more onerous transfer pricing documentation requirements around the world and the demands for more tax transparency, means that the need for a ‘fit for purpose’ transfer pricing strategy and execution is more important than ever before. We can help you manage your transfer pricing risks and identify opportunities for improving the efficiency of your transfer pricing function.
Governments are increasingly relying on indirect taxes to generate revenue. For several years, businesses have witnessed the importance of indirect taxation as governments have embraced the shift from direct to indirect taxation. Within the European Union, many countries have significantly increased VAT rates over the last five years so as to compensate direct tax cuts and social security contribution shortfalls in an attempt to balance overstretched budgets. Countries outside the EU are increasingly seeking to modernise their VAT system or implement a new one. As a result, businesses that do not efficiently manage their indirect tax position face the risks of profit erosion, increased cash flow and compliance costs. Our VAT experts help organisations manage and mitigate their indirect tax position.
Personal income tax has a direct impact on your people’s disposable income. So, not surprisingly, it’s a subject to the hearts and wallets of everyone. Complying with tax legislation while minimising your tax burden requires detailed knowledge of the field. With our help, you can optimise your personal income tax and make a lasting impact on your personal wealth. But we also go beyond simple tax advice, bring you a view of the full picture of your tax situation and find solutions within Luxembourg and cross-border.
Regulators from all over the world have increased scrutiny bringing compliance and how risks are managed on top of your agenda. At the same time, there is a constant drive to use technologies and processes to meet compliance obligations and gain efficiency. Driven by data and technology, we are transforming compliance into a forward looking, strategic activity that enables organisations to gain significant competitive advantage.
Tax regulatory reporting obligations are technically complex and may impact the whole value chain and most policies and procedures of your organisation. Understanding the regulatory framework and adapting the internal processes and controls accordingly requires resources and expert knowledge. The implementation of a reporting system within your company can also be time consuming and expensive. Our experts assist you in understanding the various reporting schemes and in making sure you comply with the local requirements.
Financial Institutions face increasing tax regulatory reporting constraints, including the obligation to file automatic exchange of information reports and also information reporting requirements resulting from the US treaty withholding tax relief regime. Those regulations are technically complex and likely to impact the whole value chain and most policies and procedures of your organisation. Implementing a reporting system can be a time-consuming and expensive process. But even understanding the regulatory framework and adapting the internal processes and controls accordingly also requires resources and expert knowledge. Our multi-disciplinary team delivers tax consulting, risk, compliance and quality reviews and submits your reports on time to the relevant tax authority.
How to stay focused on your business objectives while complying with reporting and filing obligations in a qualitative and timely manner? Our experts provide you with a wide range of accounting assistance services to help you in your daily work and make sure you gain in quality and efficiency.
The increasing pressure induced by the regulator over compliance, oversight and tax substance demonstrates the importance of appropriate governance and the key role played by the corporate secretary function to support and facilitate business decisions.
Tax Leader, PwC Luxembourg
Tel: +352 49 48 48 2032