Tax compliance management systems
It happens again and again that companies declare tax-relevant matters incorrectly which result in tax reductions. For some years now, tax authorities have been examining in-depth whether such tax reductions may have been taken lightly or have been accepted with approval. The accusation of tax evasion quickly arises with grave consequences for numerous parties involved in the company at all levels.
In order to avoid criminal investigations or even to defend oneself in the context of such accusations, existing control/tax compliance management systems (tax CMS) are of great importance. Because work errors that lead to tax reductions can never be completely ruled out, a company must prepare itself accordingly and take appropriate preventive measures. Our practical experience shows: in the end, only the evidence that an internal control system is in place, and in proper use to meet tax obligations, can defend the accusation of wilful or reckless behaviour. And vice versa: without such a system, exemption from liability in practice will hardly be possible in the future.
We support you in the development of a tax CMS system that suits your company’s needs and will ensure that it complies with all standards and regulatory requirements, and contributes to the defence of all potentially affected parties. We will also support you in the transfer of the tax CMS system into regular operation and the sustainable consolidation of the measures in the company. A tax CMS system is only as effective as it is modelled in the company. Our longstanding experience guarantees practical and tailor-made solutions for you.
Our range of services comprise:
Processes and controls
Tone from top
Implementation in regular operation
News and insights
News: 20 February 2024
Allen & Overy is advising the international energy company Uniper SE, Düsseldorf ("Uniper") on its sale of 100% of shares in its subsidiary Uniper Hungary Energetikai Kft. ("Uniper Hungary").
News: 06 February 2024
Allen & Overy has advised the Werte-Stiftung on the sale of Futury GmbH to the Frankfurt School of Finance and Management.
News: 01 February 2024
Allen & Overy has advised J.P. Morgan SE as sole physical bookrunner on the initial placement of a Term Loan B with a volume of EUR 350 million for Schön Klinik SE.
Blog Post: 23 January 2024
The year-end 2023 was marked by significant activity in German tax legislation. The following summary provides an overview of selected changes relevant in particular for inbound investments into…