EY: It has become clear what the tax authorities are afraid of
Domestic companies expect stricter tax inspections in 2023, transfer pricing is considered the riskiest area, according to a survey of more than 250 participants of the EY Tax Conference. However, companies facing an uncertain economic situation in addition to the new rules have a number of state subsidies and tax incentives at their disposal in order to maintain their competitiveness.
A new regulation of the Ministry of Finance may be published within weeks, which will require more complex and detailed data provision than ever before for companies obliged to prepare transfer price records. Almost half of the tax managers are afraid of the area and see transfer pricing (45%) as the biggest tax risk for their business. According to those surveyed in the EY survey, handling VAT (27%) and corporate tax changes (14%) may pose an even greater challenge. The majority of participants (59%) expect that tax audits will become more stringent in the future.
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