Corporate income tax returns
The corporate tax legislation changes most every year, sometimes retroactively, and it can be very difficult to keep track of all those changes. Completing your corporate tax return, and collating the relevant forms and enclosures, can therefore be a leap into the unknown and very time-consuming. You need to ensure not only that the tax returns are filed correctly and in time but also that no opportunities to reduce your tax cost are missed, such as:
- applying the existing tax incentives on R&D and grants
- correctly calculating and applying the notional interest deduction, not only for companies but also for Belgian branches
- timely detaxation of taxed reserves
- availability of necessary documentation in case of a future tax audit
- opportunities for tax planning.
Tax returns for tax year 2010 (accounting years ending between 31 December 2009 and 15 March 2010) have to be filed by 15 September 2010. Failure to meet the deadline may result in penalties, imposed separately or cumulatively and possibly having a negative impact on your tax cost:
- ex-officio assessment (including reversal of the burden of proof)
- administrative penalties
- increase in corporate income tax liability
- extension of the assessment period.
Why spend time and resources yourself when PricewaterhouseCoopers can deliver efficient tax compliance and outsourcing services to a uniformly high standard and in accordance with an agreed timetable?
What can PwC offer you?
PricewaterhouseCoopers can help you by providing the following services:
- full preparation of your tax return package (using our best-practice tools and methodology)
- review of the tax return package prepared by you in-house, to assure accuracy
- identifying opportunities to reduce your tax cost
- applications for filing extensions
- electronic filing of your tax return package
- answers to all questions relating to your tax return.
Should you have questions when preparing your tax return, please contact our client engagement team.
