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Boskalis jaarverslagen 2012

Tax risks

Because of the (constantly changing) mix of project and operational results in a large number of countries and entities, various kinds of taxes, such as income tax, wage tax, VAT and import duties, are assessed and then paid in various countries. Profits are attributed to countries where value is created in accordance with national and international rules and standards, which can be extremely complex. Knowledge in this area along with related compliance and application are embedded in procedures within the Tax Affairs function. In cases where insufficient knowledge is available in-house, external advisors are used.

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