In the health industry, the tax and legal framework of a country plays a pivotal role for key activities including performing research and development, attracting the right talent for your business, obtaining to long-term financing for projects, access to logistics to commercialise, IP protection, etc. This tax and legal framework is characterised by an ever increasing level of complexity due to various factors such as evolving regulations and tax administration scrutiny. Navigating this web of regulations and requirements is crucial for healthcare organisations to ensure compliance, optimise financial performance, and foster sustainable growth. The intricate interplay between tax policies, legal frameworks, and healthcare initiatives requires a deep understanding of the regulatory environment.
Healthcare projects, regardless of their size, face significant financial risks and various tax challenges throughout the end-to-end value chain. For instance, large healthcare projects often encounter complexities in securing funding and managing tax incentives, while smaller companies may struggle to obtain the necessary financial support for new initiatives and expansions. Understanding the relevant aspects and opportunities of tax laws, such as grants and incentives, is essential to minimise risks and maximise benefits.
At PwC Belgium, we have a dedicated Tax and Legal team that specialises in guiding healthcare organisations through the complexities of the tax and legal framework.
We are committed to supporting your growth and helping you establish an optimal and sustainable tax position. Leveraging our global network and local expertise, we provide comprehensive solutions that are tailored to your needs.
A fit-for-purpose tax model helps to identify the competencies driving profitability within your organisation, enabling the development of a transfer pricing model that aligns with your business priorities.
PwC can assist by conducting objective value chain analyses, advising on transformations, securing advance certainty on transfer pricing models through agreements with tax authorities, developing flexible working policies to support your operational goals, and much more.
Attracting and retaining talent is crucial, yet managing the tax complexities of cross-border work arrangements, remuneration and pay transparency can be challenging. Employees expect flexibility, including remote work options, which require innovative solutions to help you remain competitive.
PwC can assist you in designing tailored work-from-anywhere policies, ensuring compliance with international employment regulations and optimising reward packages to attract and retain key personnel.
Developing new and innovative products and processes is essential for competitiveness. However, managing Indirect Tax implications from product development to market launch can be complex.
PwC supports you in addressing these challenges at key stages such as clinical trials, pre-commercialisation, sampling, and market launch, safeguarding your Indirect Tax/VAT position and compliance.
Innovation and R&D can prove to be costly, but various local and supranational government grants and tax incentives are available to support businesses in areas such as R&D, innovation partnerships, workforce expansion, and green investments.
PwC helps you identify and secure funding opportunities. We will guide you through the application process and ensure full compliance with all its requirements. Our global reach and local expertise help you make the most of available incentives, streamline applications, and ultimately support your company’s growth and sustainability.
Scaling up your business requires – among other important elements – the optimisation of sales, purchasing, and employee participation strategies. Addressing these needs, finding the right partners and leveraging expert networks can be challenging, but it is key to achieving successful growth.
PwC's extensive industry connections can help you identify potential partners, validate your growth strategies, and accelerate your business expansion.
As the Belgian subsidiary of a multinational corporation, you must comply with accounting and corporate tax regulations in Belgium and all the countries you operate in. And the same goes for Belgian HQs of multinational groups. This includes preparing statutory financial statements, tax forms, returns and any other compliance obligations, while being audit-ready.
Our one-team approach offers a technology-driven, end-to-end solution to help you take control of your compliance reporting and develop a future-ready tax strategy.
Keeping up with evolving European and international legislative tax developments can be overwhelming. While compliance is critical, it’s not always easy to identify priorities.
PwC’s Tax Intelligence Community connects in-house tax professionals from over 50 international companies, providing relevant updates, insights, and training on evolving tax developments.
If you want to know more about PwC and how we view the future of healthcare, read our thought leadership contributions.
