The Loyens & Loeff Tax Governance Code is applicable to all tax advice provided by our tax advisors and tax attorneys at law (“advocaten”/ “avocats”) (Tax Advisors). In all jurisdictions where we provide our services, our Tax Advisors will adhere to the principles as described in the Loyens & Loeff Tax Governance Code as well as to the rules and principles of the applicable local professional associations or applicable local bar rules.
By adhering to the Loyens & Loeff Tax Governance Code, we recognise that:
- Our tax advice will be based on a realistic assessment of all relevant and known facts and on defensible interpretations of the applicable national and international tax legislation and regulations.
- Our Tax Advisors comply with all statutory duties of disclosure and reporting rules within the applicable legal privilege or professional secrecy rules and we expect our clients to do the same.
- As well as complying with legislation and regulations and technical standards, our tax advice will also, where relevant, explicitly take economic, business and reputational risks, as well as the interests of the client’s internal and external stakeholders, into account.
- Our Tax Advisors ensure they are aware of the real economic objective of the transactions to which their advice relates and will discuss the societal aspects as described above with our clients if a real economic purpose is not sufficiently plausible and achieving a tax benefit is a primary aim.
Furthermore, Loyens & Loeff applies strict procedures for accepting clients and matters, including approval of our Matter Acceptance & Assessment Committee (MAC) which functions as an advisory body and sounding board on whether Loyens & Loeff accepts certain instructions and projects.
With the Loyens & Loeff Tax Governance Code we have taken the next step in providing our clients with top-tier services as a trusted partner by your side. Further. Better. Together.