Company takes proactive approach to overseas tax compliance

Our Approach 

• Worked with the company to put in place a process so that when tendering for overseas opportunities, their team knew to come to AAB for tax support so that overseas taxes could be built into the tender price 
• Supported the company to ensure that when a contract was secured, overseas tax compliance is then put in place from an early stage 
• Reviewed the locations where personnel were currently being supplied and supported the company in putting in place the necessary tax compliance processes, using local partners overseas where necessary 

The Outcome 

• Contracts are now properly priced, factoring in overseas tax and compliance costs – there are no more surprise tax liabilities that can erode expected profit margins 
• Ensuring compliance means that the company now avoids interest and penalty charges from tax compliance failures overseas 
• If there is a diligence undertaken on the business in the future for sale or investment, the Shareholders can be comfortable that overseas tax liabilities will not become an issue in the diligence checks