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LETTERBOX COMPANY - LOSS OF TAX BENEFITS

Writer's picture: Law Offices Dr. F. SchwankLaw Offices Dr. F. Schwank

Updated: Jan 30

Do you run a real company or do you have a letterbox company?

The European Union long expected directive for tax purposes on preventing the misuse of letterbox companies, so called “ATAD III Directive”, is still in draft form and under discussion by member states. 

Once approved, it will introduce comprehensive reporting obligations for letterbox companies, which may result in the loss of tax advantages. Thus, multinational corporations would have to review or clean up their corporate structures in order to identify possible effects at an early stage.

Seeking legal advice is therefore recommended.

Picture (c) Andrea Piacquadio: https://lnkd.in/gPDCA_bq
Picture (c) Andrea Piacquadio: https://lnkd.in/gPDCA_bq


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