The institute of the tax transaction has been introduced into the legal system with the aim of allowing the Tax Administration to recover tax credits owed by companies experiencing a state of crisis, in amounts, forms, and methods that effectively ensure the best satisfaction compared to possible alternatives. This helps to prevent the disintegration of the debtor company and the impoverishment of its stakeholders, as well as burdens on the community.
The tax transaction thus results in the reduction and deferral of payment of tax credits, relating to taxes, penalties, and interest, both established and contested, to varying extents depending on the severity of the crisis facing the debtor company. In some cases, payment deferrals of over twenty years have been agreed upon, while in others only five-year deferrals; similarly, in some cases, reductions of 70% have been agreed upon, while in others only 20%.
The PwC TLS team will assist you in finalizing a tax transaction by examining a wide range of often controversial issues, some of which pertain more to tax law, while others border on bankruptcy law and business economics.
