Financial sector

Taxation and accounting tasks in the financial sector have undergone rapid and continuous change in recent years and decades. Changes in the economic environment have posed and continue to pose ongoing challenges for the sector in terms of taxation.

Since our company began operations, a significant proportion of our clients have come from the financial sector. Our clients include financial institutions, real estate funds, venture capital funds and fund managers.

Our collaborations are successful because our experts not only have in-depth theoretical knowledge in this field, but also have many years of experience in financial institutions, whether as experts or as tax and accounting managers. With this in mind, we have a thorough understanding of the nature of the tax issues arising in the sector and know what kind of consultation with other business and specialist areas is required for each tax issue. Our consulting services thus provide added value not only in the areas of taxation and accounting, but also in business.

Our experts can provide effective assistance to companies operating in the financial sector in the following areas for business and back office functions:

• We support the development of electronic archiving and electronic invoicing systems, from needs assessment to system implementation.
• we develop the digitisation process for procurement and voucher systems,
• We develop tax optimisation and tax planning solutions for clients in collaboration with private banking experts.
• We provide support to financial institutions’ clients – in collaboration with the financial institution’s experts – on tax issues related to generational change.
• we resolve tax issues arising for clients of financial institutions,
• we provide advice on tax issues arising in connection with certain investments and other promotions,
• We provide tax support for the development of new products/services and for system development issues related to the introduction of new legislation.

We are available for tax and accounting matters as follows:

• We participate in providing professional support during tax authority audits as required, and we provide tax law representation in legal remedy cases.
• We prepare and, if necessary, submit the necessary documentation for applications for conditional tax assessment and advance pricing agreements.
• we review the opportunities and risks inherent in VAT proportionality,
• We provide comprehensive solutions to issues arising in connection with leasing transactions.
• we prepare the application for corporate tax benefits (spectator team sports, film subsidies, etc.),
• We provide assistance with energy efficiency tax credits, from energy audits to the preparation of the relevant records.
• With regard to sectoral taxes (bank tax, transaction tax), we provide recommendations for managing potential risks and tax optimisation opportunities.
• Our experts handle the tax-related tasks involved in mergers and transformations, from the operational level all the way up to planning.
• We provide tax support in the tax treatment of M&A issues.
• We prepare transfer pricing documentation and undertake to review existing documentation.

In addition to the above, we are also available to our clients for a number of other topics.

Why choose us?

• Our experts have many years of experience in tax law and accounting.
• Our experts also have many years of sector-specific knowledge, which facilitates communication in relation to specialist areas and business fields.
• Our company works with companies operating in several financial sectors, with numerous references.
• Thanks to their experience as tax authorities and tax advisors, our experts have extensive experience in the application of tax law and continuously monitor domestic and EU legal practice.
• Our experts also have international tax experience in this area.

If you have any further questions on this topic, our experts are available at the contact details below.