In the ever-changing business environment it is even more difficult to achieve leading market position. Building and maintaining the top position is often related to the need to focus all company’s resources on the strategic activities. In reply to the market requirements, we offer to our clients a possibility of delegating selected business processes, such as
accounting, tax compliance or payroll functions, to be handled by our experienced specialists.
We are pleased to inform that in the PricewaterhouseCoopers Tax Department, the
Global Compliance Services („GCS”) team has been formally established to deal with comprehensive services which involve taking over all or a part of the Company’s accounting and tax obligations by PricewaterhouseCoopers tax experts.
The GCS team guarantees to our clients
long-term cooperation with a guarantee of the highest-quality services, stable operation of outsourced processes and flexibility in reacting to the changing needs of the enterprise.
Scope of the GCS team services
The GCS offer includes:
Accounting compliance services
Accounting compliance services include maintaining accounting books in accordance with the requirements set out by the Accounting Act as well as – at the client’s request – in accordance with the International Accounting Standards.
As part of our offer, we can also develop a chart of accounts, draw up monthly or annual reports for the group purposes, draw up reports for the Provincial Statistical Office, the Main Statistical Office and the National Bank of Poland, as well as provide services relating to the closing of the financial year (preparation of the financial statements).
CIT compliance services
CIT compliance services consist of PwC drawing up CIT calculations for a given tax month or tax year, and preparing monthly and annual CIT returns for the client. Income tax is calculated on the basis of accounting records and source documents provided by the company.
Under the CIT compliance services, PwC experts also conduct periodic (monthly, quarterly or annual) CIT audits.
An integral element of the CIT compliance service is also identifying tax planning opportunities with a view to potential tax savings.
VAT compliance services
PwC’s offer of the VAT compliance services includes maintaining purchase and sales records in accordance with the VAT Act, drawing up monthly VAT-7 returns, completing quarterly summary VAT statements in respect of intra-Community transactions (EC listings) and completing monthly Intrastat declarations.
Optionally, under the VAT compliance services, PwC experts can carry out periodic reviews of VAT calculations. As a result of the tax audits, tax risk areas and VAT optimisation opportunities are identified.
Payroll settlement services
As part of the payroll settlement services, PwC experts each month calculate net remuneration, personal income tax amounts and social security contributions (taking into account e.g. employee bonuses, overtime, holidays and sick leave pay).
Moreover, PwC services also include drawing up monthly tax declarations (PIT-4, PIT-8A) and ZUS (social security) declarations (ZUS RCA, ZUS DRA, ZUS RUMA), as well as drawing up monthly payroll and annual settlements (including declarations PIT-11/8B, IFT-1/IFT-1R).
Why is it worth using the offer of the Global Compliance Services team?
Outsourcing of the reporting and tax functions to PwC and taking over by PwC experts the company’s accounting and tax functions will bring tangible benefits to your company, in particular:
- enable the workload and staff costs related to bookkeeping and tax calculations to be minimized;
- enable the financial and accounting function to focus on supporting the core business lines, instead of solving tax and accounting problems;
- significantly limit the risk of the tax being under- or overstated due to mistakes, insufficient knowledge of the tax regulations or incorrect interpretation thereof;
- exclude the risk of incorrect classification of specific business events;
- enable all tax savings opportunities which are identified while preparing the tax returns to be utilized;
- ensure safe and accurate tax compliance as a result of using specialist services provided by PwC tax advisors.
When using our services, you will be provided with the highest quality product tailored to the individual requirements of the company. We not only ensure the highest professional level of our services, but also pay particular attention to maintaining good relations with our clients, which is particularly important in the case of compliance services.
