As a business owner, you are faced with various tax and return obligations. For example, corporate income tax, payroll tax and VAT at home and abroad. You also face various other tax issues.
Common tax issues
- Equity or debt financing.
- Whether interest is tax-deductible.
- Whether tax depreciation restrictions apply to investments, for example solar panels.
- Forms of tax provisions, e.g. for major maintenance, a reorganisation or service anniversaries.
- Application of participation exemption for qualifying holdings.
- Loss relief.
- Form a reinvestment reserve on the sale of business assets, such as for the capital 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.
- Business and corporate structure.
Your corporate structure
As a business owner, you benefit from an optimal corporate structure, both from a tax and legal perspective. Here, risky business activities and liabilities are separated as much as possible from valuable assets, such as your business premises, machinery and intellectual property.
At Govers, we are happy to assist you in designing your corporate structure to be flexible, tax and future-proof way. We do this with a view to a possible sale, exit or business succession. In addition, we consider as much as possible the annual accounts and reporting aspects, such as possible consolidation or audit obligations.
Periodic review
We advise you to periodically have your corporate structure reviewed to ensure 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 optimise your corporate structure through a restructuring using 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, civil-law notaries and various major banks, and a good relationship with the tax authorities.
Technical innovation and sustainability
As Eindhoven-based accountants, we are deeply rooted in the Brainport. This region is characterised 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 various 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.
- Grant schemes for technical developments. For example, in the field of WBSO if you employ R&D personnel. With the WBSO, you can get a substantial discount on payroll tax payments.
- Application of the innovation box. This allows innovative profits to be taxed lower, at an effective rate of 9% corporate tax. 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 and setting up foreign subsidiaries to realise and/or sell the self-developed production.
Other tax breaks
Many tax facilities and grants are also available in the field 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.
