Executive search company

CASE STUDY

Executive search company

Corporate tax declaration

As soon as Dryden had assisted an executive search company to incorporate in Geneva, the company asked Dryden to assist in its registration with the cantonal tax authorities. Due to problems with mail delivery, we were asked to resolve this problem. This required Dryden completing the necessary forms for the tax authorities to recognise Dryden as ‘mandataires’, following which all tax correspondence was automatically sent to Dryden’s offices. In the case of this executive search company Dryden was able to advise, for tax purposes, on the optimal debt-equity mix and inter Group funding of the Geneva company. Dryden followed up on its advice ensuring the various loan agreements were tax compliant. Although Swiss taxation law only requires that the financial statements approved in the company’s AGM are attached to the tax return, if they are in English, we always provide a translation into French of the English Profit and Loss and Balance Sheet statements, since tax inspectors are only required to work in one of the 3 official languages of the Swiss Confederation. We calculate the tax owed by its client and provides the client with a full reconciliation back to the original tax declaration to verify the tax department’s calculations. Unlike in many countries the window for contesting a tax assessment is very narrow, only 30 days. Dryden will contest any incorrect assessments made by the tax office and keep the client fully informed during this process.

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