Tax risk management
Effective business requires appropriate tax risk management. It is the purpose of managing staff to control the business risk and to safeguard against its effects. With our support, our tax-aware Clients effectively build the Risk Management Policy in their businesses based on the knowledge, well-thought-out procedures and tools, inclusive of IT systems.
Frequently changing and complex tax procedures, human errors, pro-fiscal approach adopted by officials make it difficult in practice to avoid tax risk connected with the application of tax law (sanctions, penal interest) and sometimes even penal liability (based on penal fiscal code or the act on liability of collective entities).
The Tax Policy developed by our tax advisors is intended to appoint individuals to be responsible for implementation of internal procedures, to define the scope of their liability, to knowingly manage the improvement of their knowledge, to develop and implement good communication between the finance division and other divisions in our Clients’ enterprises so as to make it possible for them to control the tax decisions they take, and - last but not least - to manage the knowledge base so as to save time and costs (to use the available data effectively).
One of the ways for KSP professionals to manage the tax risk is to obtain binding tax law interpretations. Used by experts, such instruments may effectively reduce the enormous areas of potential tax risk.