Taxand, the world’s largest organisation of tax advisors to multinational businesses, has been awarded ‘European Indirect Tax Firm of the Year’ for the third time in four years by the International Tax Review (ITR) magazine, at its ninth annual European Tax Awards in London on 15 May.
 
Taxand also received five national awards. Portugal, for the third year running, received ‘National Tax Firm of the Year’ as did Malta and South Africa. For the second year running, France and South Africa both achieved ‘Transfer Pricing Firm of the Year’ awards. Taxand was nominated for a record breaking 30 awards in total.
 
Frédéric Donnedieu de Vabres, Chairman of Taxand commented: “Being shortlisted for 30 awards and winning 6 awards, including European Indirect Tax Firm of the Year for the third time acknowledges Taxand’s reputation for delivering outstanding client service and innovative solutions to complex tax problems for our clients across Europe, Africa and beyond.”
 
Richard Baxter, Taxand Global Indirect Tax Service line leader said: “This award recognises Taxand’s sophisticated indirect tax capabilities. We are a like-minded team of experts that work together on a day-to-day basis and have a robust focus on ensuring we deliver great work for our clients. This is the third time in four years that we have received this award which illustrates the strength and expertise of the team. Taxand now has real market recognition; we have now established ourselves in key markets around the world as a leader in the provision of international indirect tax advice.”
 
In total Taxand has won 65 awards since 2009, including successes in the previous ITR European Tax Awards 2012, 2011, 2010 and 2009, ITR Americas Tax Awards, and ITR Asia Tax Awards. ITR’s editorial team conduct in-depth research and consult a large number of tax executives, tax advisors and lawyers to gain their perspective on the quality of work, as well as looking at submissions from individual firms, to determine the awards.

TAXAND WINNERS

European Indirect Tax Firm of the Year
Taxand

National Transfer Pricing Firm of the Year
Taxand France
Taxand South Africa

National Tax Firm of the Year
Taxand Portugal
Taxand Malta
Taxand South Africa

About Taxand
Taxand provides high quality, integrated tax advice worldwide. Our tax professionals, more than 400 tax partners and over 2,000 tax advisors in nearly 50 countries - grasp both the fine points of tax and the broader strategic implications, helping you mitigate risk, manage your tax burden and drive the performance of your business.
 
We're passionate about tax. We collaborate and share knowledge, capitalising on our expertise to provide you with high quality, tailored advice that helps relieve the pressures associated with making complex tax decisions.
 
We're also independent—ensuring that you adhere both to best practice and to tax law and that we remain free from time-consuming audit-based conflict checks. This enables us to deliver practical advice, responsively.
 
Taxand has achieved worldwide market recognition. In the International Tax Review’s (ITR) World Tax 2013, 43 Taxand locations were commended. 35 countries were voted top in the ITR Transaction Tax Survey 2012 and in the ITR Tax Planning Survey 2012. Taxand has received 54 national awards and 11 regional awards in the ITR European, Americas and Asia Tax Awards since 2009. These include European Private Equity Tax Firm of the Year, European Indirect Tax Firm of the Year, European Tax Policy Firm of the Year, Asia Transfer Pricing Firm of the Year, Asia Tax Policy Firm of the Year, and Latin America Tax Disputes Firm of the Year.  Full details of awards can be viewed at www.taxand.com/media/factsheet | www.taxand.com.

Taxand, the world’s largest organisation of tax advisors to multinational businesses, has been awarded ‘European Indirect Tax Firm of the Year’ for the third time in four years by the International Tax Review (ITR) magazine, at its ninth annual European Tax Awards in London on 15 May.
 
Taxand also received five national awards. Portugal, for the third year running, received ‘National Tax Firm of the Year’ as did Malta and South Africa. For the second year running, France and South Africa both achieved ‘Transfer Pricing Firm of the Year’ awards. Taxand was nominated for a record breaking 30 awards in total.
 
Frédéric Donnedieu de Vabres, Chairman of Taxand commented: “Being shortlisted for 30 awards and winning 6 awards, including European Indirect Tax Firm of the Year for the third time acknowledges Taxand’s reputation for delivering outstanding client service and innovative solutions to complex tax problems for our clients across Europe, Africa and beyond.”
 
Richard Baxter, Taxand Global Indirect Tax Service line leader said: “This award recognises Taxand’s sophisticated indirect tax capabilities. We are a like-minded team of experts that work together on a day-to-day basis and have a robust focus on ensuring we deliver great work for our clients. This is the third time in four years that we have received this award which illustrates the strength and expertise of the team. Taxand now has real market recognition; we have now established ourselves in key markets around the world as a leader in the provision of international indirect tax advice.”
 
In total Taxand has won 65 awards since 2009, including successes in the previous ITR European Tax Awards 2012, 2011, 2010 and 2009, ITR Americas Tax Awards, and ITR Asia Tax Awards. ITR’s editorial team conduct in-depth research and consult a large number of tax executives, tax advisors and lawyers to gain their perspective on the quality of work, as well as looking at submissions from individual firms, to determine the awards.

TAXAND WINNERS

European Indirect Tax Firm of the Year
Taxand

National Transfer Pricing Firm of the Year
Taxand France
Taxand South Africa

National Tax Firm of the Year
Taxand Portugal
Taxand Malta
Taxand South Africa

About Taxand
Taxand provides high quality, integrated tax advice worldwide. Our tax professionals, more than 400 tax partners and over 2,000 tax advisors in nearly 50 countries - grasp both the fine points of tax and the broader strategic implications, helping you mitigate risk, manage your tax burden and drive the performance of your business.
 
We're passionate about tax. We collaborate and share knowledge, capitalising on our expertise to provide you with high quality, tailored advice that helps relieve the pressures associated with making complex tax decisions.
 
We're also independent—ensuring that you adhere both to best practice and to tax law and that we remain free from time-consuming audit-based conflict checks. This enables us to deliver practical advice, responsively.
 
Taxand has achieved worldwide market recognition. In the International Tax Review’s (ITR) World Tax 2013, 43 Taxand locations were commended. 35 countries were voted top in the ITR Transaction Tax Survey 2012 and in the ITR Tax Planning Survey 2012. Taxand has received 54 national awards and 11 regional awards in the ITR European, Americas and Asia Tax Awards since 2009. These include European Private Equity Tax Firm of the Year, European Indirect Tax Firm of the Year, European Tax Policy Firm of the Year, Asia Transfer Pricing Firm of the Year, Asia Tax Policy Firm of the Year, and Latin America Tax Disputes Firm of the Year.  Full details of awards can be viewed at www.taxand.com/media/factsheet | www.taxand.com.

Welcome to a special issue of Taxand's Take, focusing on our Taxand Global Conference 2013. Here you will find all materials from the conference in New York, including key content, plenary session films and presentations, photos, media commentary, tweets and more.


Read the Taxand's Take n°20 (may 2013)

The Taxand's Take 's the technical newsletter drafted by the tax experts of taxand,  it provide you with worldwide tax news.

 In this issu, you will discover :

• Taxand's Take on the year ahead
• How Governments are torn by need to generate revenue and inward investment
• Why country competition poses a further hurdle for tax harmonisation
• How FATCA will impact multinationals
• The practical considerations in response to the OECD recent Intangibles guidance
• The recent VAT threat on investment advisory services
• Why striking the balance in tax management of international pension plans is key

... country updates, key resources and much much more.. Read the Taxand's Take n°19 (march 2013)

Article 14 of the Amending Finance Law for 2012 changed the system for representing accounting documents in dematerialised form to a mandatory system that no longer gives the taxpayer a choice on the disclosure of accounting information (Article L 47 A-I of the French procedure tax code).

As part of this new rule, the legislator strengthens the powers of the tax administration and makes it mandatory for all companies holding a computerized accounting, the representation of records in dematerialized form for tax audits from 1 January 2014.

Contrary to the implementation of a single audit procedure in the same way as numerous other European States, France combines two procedures: the first, close to the German method of tax audit (IDEA¹), involves the mandatory representation of accounting documents via delivery of a copy of the accounting entry files defined in Articles 420-1 et seq. of the General Chart of Accounts (article L 47 A-I of the French procedure tax code), and the second involves the processing of computerised data in the frame of the procedure named “tax audit of computerised accounting” (article L 47 A-II of the French procedure tax code).

The failure to comply with this new requirement could in theory be punished severely:by a minimum fine of €1,500 per fiscal year or calendar year audited, that could be increased, in the event of serious violations, to 5‰ of sales or the gross revenue declared or adjusted (as applicable) per fiscal year or calendar year audited (Article 1729 D of the French Tax Code). or by a jeopardy assessment in case of obstruction of a tax audit (article L 74 du of the French procedure tax code). 

From a practical point of view, the period of one year will allow the company, as of now, to prepare for compliance with the new technical standards that data must meet, and enjoy to check its level of compliance with the requirements of the tax audit of computerised accounting (see CFCI: prevention and reactions, Arsene Taxand, February 2013 ).
 Consequently, it seems necessary to define a tax and technical strategy steered by the tax and finance divisions as well as the IT departments to ensure the consistency of the IT data disclosed and the accounting and tax treatment. This approach corresponds perfectly to the dual approach favoured by the French tax authorities (the general inspector assisted by the BVCI² inspector).

At last, this single implementation date of 2014 will not preclude the application of the new rules to fiscal years that are not time-barred on the date of the audit notice.
Even though the current regulation provides this new obligation for tax audits from 1 January 2014 (which could concern the 2011, 2012 and 2013 fiscal years), it would be pleasant, and we hope it likely, as a deferral measure, the tax administration would accept that this regulation applies only to fiscal years from 1 January 2014.
 
Alain Recoules – Attorney at Law, Partner
alain.recoules@arsene-taxand.com                      
Nathalie Habibou – Attorney at Law
nathalie.habibou@arsene-taxand.com

  
¹ Audit of basic data outside the IT system with processing by IDEA software, « Interactive Data Extraction and Analysis »
² Computerised Accounts Audit Unit (in French, Brigade des Vérifications des comptabilités informatisées)