A Comprehensive Approach to Minimizing Tax Risks

Taxpayers are increasingly faced with unclear legal provisions, inconsistent tax practices, and a growing number of specific transactions.

Specific transactions carry numerous tax risks, particularly in today’s environment, characterized by the transformation of business models, specific requirements from owners and management, the emergence of new technologies, complex international transactions, transactions involving intangible assets, and public health crises.

In the absence of established tax practice on various tax issues, as well as due to unclear legal provisions relating to specific situations in practice, the interpretation of tax laws by the tax authorities often differs from the taxpayer’s own interpretation.

WTS assists taxpayers in analyzing the tax treatment of transactions by applying a methodology based on implemented quality standards:

• tax opinions and analyses prepared in line with professional and court practice

• collaboration with experts from the Ministry of Finance

• monitoring the positions of the Tax Administration on all specific issues

• consideration of all related implications (accounting, business, and other tax-related)

• referencing all relevant provisions of the regulations

• a unified and clear presentation of the results

Our analyses are comprehensive across all types of taxes and contribute to greater certainty and the minimization of taxpayers’ risks.