Tax Accounting, or illustrating your tax position in the balance sheet and profit and loss account, has become the focus of much attention in recent years. Both the Tax and Customs Administration and the auditor expect you to have properly reflected your tax position and have control over your company’s tax risks.

The Deloitte approach
Deloitte professionals help you to establish and analyse your company’s tax position. We also take care of the documentation that the auditor needs in order to form an opinion on the tax aspects of your financial statements.

Correctly analysing your tax position is also very important for you and your company, as it gives you an early indication of tax risks. Often, these risks can be limited, which can be a direct financial advantage and cause fewer problems with the tax authorities.

Tax Control Framework
A growing number of organisations are using a Tax Control Framework. Creating a Tax Control Framework can be extremely useful, not just for multinationals but also for SMEs – particularly larger ones. Setting up a Tax Control Framework gives your organisation daily control over fiscal processes and the relevant tax risks.

Deloitte taxation experts will be pleased to help you set up and evolve your Tax Control Framework. We can also advise and assist you in dealings with the Tax and Customs Administration, such as the conclusion of a "compliance covenant".

Further information
If you would like to know more about Tax Accounting or setting up a Tax Control Framework, call or email Arnold Vredenbregt, telephone: +31 (0)10 272 12 09, or email: avredenbregt@deloitte.nl.