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Multinational entities with a consolidated turnover exceeding EUR 750 million are obliged to file an annual Country-by-Country (“CbC”) report. They must submit this to the Dutch tax authorities within 12 months of the end of the reporting year. Failure to comply with these Country-by-Country reporting requirements may result in significant administrative penalties.

Disputes with local tax authorities in one or more countries is a normal mode of operation for most multinational enterprises. Often tax disputes do not stand alone because a tax adjustment in one country may have consequences in another country.

Sometimes, multinational enterprises find themselves faced with double taxation. E.g. when the tax authorities of one state impose transfer pricing adjustments for cross-border transactions without corresponding adjustments being made in the other state.

Audits are an integral part of the tax landscape, ensuring compliance and accuracy in the financial reporting of businesses. Understanding the intricacies of tax audits can help you and your organization navigate these processes more effectively.

In today’s rapidly changing world, tools such as Advance Tax Rulings (ATRs) and Advance Pricing Agreements (APAs) can provide much-needed certainty for organizations. Obtaining advance certainty on tax positions is a proactive, efficient way for preventing disputes with tax authorities. KPMG Meijburg & Co has extensive experience in negotiating ATRs and APAs, including with multiple tax authorities – a Bilateral Advance Pricing Agreement or BAPA.

In addition to tax assessments, tax authorities typically possess the power to impose penalties, such as for filing an incorrect tax return, gross negligence, or certain penalties for directors of non-compliant companies. These can very often be hefty, so it is important to know your rights as a taxpayer and respond efficiently and effectively to any indication from the tax authorities that they intend to impose a penalty.

Our multi-disciplinary approach means that we look at a Tax Litigation case in its entirety. Our lawyers will litigate for you. In complex cases our specific tax specialists will also look at the litigation case. We guarantee a strong team that will take care of your tax dispute the best way possible.