With life sciences, medical devices and pharmaceutical companies driven to create new products, the industry is on the radar screen of many tax authorities. There is pressure to optimise a group’s effective tax rate, pay a fair share of tax and effectively operate a multinational enterprise, but this tax planning involves the careful design and maintenance of a tailored supply chain and a consistent transfer pricing methodology. It has become essential to manage tax risks well and ensure that corporate tax, VAT and customs tax are properly aligned.
Practical approach
The Taxand life sciences experts have a practical approach to managing your tax issues and designing and implementing ideas. Our vast experience means we understand what can trouble a tax director working for a life sciences, medical device or pharmaceutical company, and we can help you implement strategic solutions that will work both today and for tomorrow.