How to increase tax benefits | KPMG | BE

How to increase tax benefits by making your company more sustainable?

Increase tax benefits by increasing sustainability

Discovering the opportunities for your company through sustainability.

Discovering the opportunities for your company through sustainability.

The Challenge

There is a growing call for sustainability. Industrial companies nowadays are encouraged to invest in ecological and energy-saving technologies through a number of tax and financial incentives such as the increased investment deduction or the fading out of immovable withholding tax on industrial equipment.

In light of these incentives, it is essential for industrial companies to take the right approach and follow up their investments and disinvestments.

KPMG Approach

In order to assist companies in optimizing these industrial incentives in the most efficient way, the KPMG network in Belgium has composed a multidisciplinary team of tax experts, asset management specialists, and engineers that understand the specific characteristics of each industrial sector and help clients make the right boardroom decisions, on a technical, as well as a financial level.

Timely reporting of the investment/divestment of a tangible asset (with the qualifying tax status) to the tax authorities could result in cash savings. In order to correctly report investments and/or divestments, the information gap between technical documentation and financial documentation needs to be bridged by means of data registration procedures. Our hands-on approach assists industrial companies in closing this gap.

Quick scan: Our experts will screen the company in the area of industrial incentives and make an analysis of the current situation and the actions required to fully benefit from the optimization potential.

Optimization: In addition to globally mapping the situation regarding industrial taxes, KPMG also assists with the:

  • Optimization of technical inventory and/or list of tangible fixed assets
  • Regularization, negotiations with the tax administrations, preparation of
    protest letters, etc.
  • Application for the increased investment deduction and other sector specific
    subsidizations

Internal training: To prepare these companies for our hands-on approach, KPMG provides effective internal training and development. Using real life examples, problems, and challenges, we will make sure that every participant thoroughly understands a topic and enable them to train others.

The Benefits

Our team of tax experts helps you with the right methodology to maximize your tax and financial incentives.

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