As a business owner, you are faced with various tax resources and return obligations. For example, corporate income tax, payroll tax and VAT at home and abroad. You also face a variety of other tax issues.
Common Tax Issues
- Equity or debt financing.
- Whether the interest is tax deductible.
- Whether tax depreciation restrictions apply to investments, such as solar panels.
- Forms of tax provisions, for example, for major maintenance, a reorganization or service anniversaries.
- Application of participation exemption for qualifying holdings.
- The loss relief.
- Form a reinvestment reserve on the sale of business assets, such as for the book gain on the sale of a property.
- VAT on supplies and services, payroll taxes, foreign workers and international aspects such as transfer pricing and withholding taxes.
- Corporate and partnership structure.
Your corporate structure
As an entrepreneur, you benefit from an optimal corporate structure from a tax and legal perspective. Here, the risky business activities and liabilities are separated as much as possible from the valuable assets, such as your business premises, machinery and intellectual property.
At Govers we are happy to assist you in designing your corporate structure in a flexible, tax and future-proof way. We do this with a view to a possible sale, exit or business succession. In addition, we take into account as much as possible the annual accounts and reporting aspects, such as possible consolidation or audit obligations.
Periodic review
We recommend that you periodically review your corporate structure to ensure that it is still appropriate. Simplifying your structure, for example by liquidating a company or through a legal merger, can reduce administrative and tax burdens and costs. You can optimize your corporate structure through a restructuring by means of a corporate merger or a legal demerger. You can use various tax facilities for this purpose.
Our tax specialists and accountants are happy to look at your current corporate structure with you. Moreover, we can quickly assist you with a (re)structuring or with setting up a BV structure. This is thanks to a close cooperation with, for example, notaries and various major banks, and a good relationship with the tax authorities.
Technical innovation and sustainability
As Eindhoven accountants, we are deeply rooted in the Brainport. This region is characterized by technical innovation and a fertile ecosystem. Central to this are the triple helix and close cooperation between Companies, Educational Institutions and Government. As well as an open innovation culture.
Many of our customers operate in the high-tech sector and manufacturing industry. They are part of the chain with third, second or first tier suppliers and OEMs. We advise companies on a variety of tax, financial and legal issues, such as:
- Intellectual property.
- Tax-friendly structuring and segregation of IP and patents from risky business activities.
- Structuring in collaborative R&D developments and activities.
- Subsidy schemes for technical developments. For example, WBSO if you employ R&D personnel. With the WBSO you can get a substantial discount on the payment of payroll tax.
- Application of the innovation box. As a result, innovative profits are taxed lower, at an effective 9% corporate tax rate. The innovation box requires that your product, service or production process is self-developed with the use of WBSO. For large taxpayers, a patent or software/programming is also a prerequisite.
- 30% rule in the context of attracting foreign (R&D) workers with specific qualities.
- Starting up and establishing foreign subsidiaries to realize and/or sell self-developed production.
Other tax breaks
Many tax facilities and subsidies are also available in the area of sustainability. These include investment facilities, such as the environmental investment allowance (MIA), accelerated depreciation for tax purposes (VAMIL) and energy investment allowance (EIA).
As Govers, we are happy to contribute to your innovation and renewal. Please contact us for a further introduction.
