Belgian and European Compliance has been saved
Belgian and European Compliance
Today the accounting, tax, legal and regulatory environment is changing rapidly. Staying fully compliant is a major challenge and one of the least understood areas of risk for senior management.
For companies doing business in Belgium, the Belgian compliance group assists foreign subsidiaries to meet their local statutory and tax compliance needs.
How can an effective Belgian compliance programme or solution add real value to your organisation - and not just cost?
Our compliance team has the answer. Specialist in Belgian legislation, our compliance team offers the following integrated statutory compliance services covering accounting, corporate law, VAT and corporate income tax.
Advantages include one point of contact, multiple competencies, and a proven standardised process guaranteeing high quality and timely delivery, as well as access to key information for compliance, reporting and planning purposes. Additional benefits are control of cost-fixed fees, flexibility, and a large and well-balanced team.
Slowly but surely, Europe is becoming more unified. But that doesn’t mean it’s getting any easier for companies doing business across the continent. European compliance continues to be a challenge for many firms.
One reason companies are struggling with European compliance is that centralization has been such a strong business trend. By grouping together as many financial functions as possible into one central location, so the theory goes, organisations can generate substantial savings.
This sounds good. But there can be a downside as well. When companies reduce the sizes of their national offices, or close them altogether, valuable expertise can be lost. As people leave they take with them detailed local knowledge about a multitude of matters essential to statutory compliance.
Meanwhile back at headquarters, centralised financial teams without this special knowledge are struggling to find answers to national compliance questions. This can result in late or incorrect statutory filing, which could incur additional costs - the opposite of what was intended.
Fortunately, our compliance team has a solution: Global Tax Centre Europe