It is more common for media to publish news about both the private and public sectors, regarding travel, conferences and entertainment etc. These involve the tax handling of the company's deduction rights, the issue of benefit taxation, and the ethical aspect.
Mismanagement can affect the company's reputation and damage the brand, which can be much more costly than the lost deduction. Media attention can also increase the risk of a tax audit, which can have significant consequences.
KPMG's specialists are experts in benefits and reputation risk management. We provide answers to questions about benefit taxation related to entertainment, travel, gifts to both employees and clients, and conduct reviews of reputation risks.
Legislation regarding benefit taxation can be complex
If an employee is provided a benefit, the employer must determine whether the benefit is taxable, if the company has the right to deduct the cost of the benefit and whether it is entitled to reclaim the input VAT. Subsequently, the company's payroll tax issues must be managed correctly.
Does the benefit constitute a basis for preliminary tax deduction and reporting of employer contributions?
KPMG's Specialists help you with:
- Understanding and interpreting the regulations
- Reviewing the company's existing routines regarding entertainment
- Examining and improving the management of reputation risks
- Preparing drafts for policy documents designed for the specific company/organization
- Trainings/workshops for the employees/managers/officials
- Assisting in answering tax audits from the Swedish Tax Agency
- Assisting with reassessments to the Swedish Tax Agency if any benefits has not been reported or not reported correctly
Want to know more?
Do you want to know more about benefits and entertainment? KPMG's specialists have in-depth knowledge in the area and can help you review your company's routines and processes. Contact us, and we will gladly assist you!
