Tax Risk Management
As soon as a dispute arises the implications should be identified and all parties must work together with all the jurisdictions involved. For example, immediate action may have to be taken in more than one country to avoid deadlines for submitting notices of objections or appeals being missed. This means that corresponding adjustments cannot be made.
Our specialists are experienced in dealing with Tax Risk Management and work closely with specialists in our global KPMG network. We know which Tax Risk Management strategy is best for you; the best outcome in one country does not always result in what is best for the group. We can also suggest how to develop an internal policy for setting up a Tax Risk Management strategy.
FAQ
What are tax risks?
Tax risks are potential threats to a business arising from tax obligations and regulations. They can occur due to incorrect compliance with tax laws, changes in legislation, differences in interpretation, or errors in tax filings. These risks can lead to financial consequences such as fines, interest, and reputational damage. It is crucial for companies to identify, manage, and mitigate tax risks to protect their tax position and comply with legal requirements.
