The life sciences and chemicals sector is undergoing a profound transformation. Geopolitical tensions, volatile markets, increasing regulatory requirements and societal expectations regarding sustainability and security of supply are shaping the current environment. At the same time, digitalisation, new and evolving business models, and individualised customer needs are changing the way in which companies organise value creation and achieve growth. These developments present companies with complex challenges, not only from an operational perspective but also from a tax perspective.
These issues are taking on strategic importance
Tax issues are taking on strategic importance in this environment. Global supply and value chains, cross-border research and development (R&D) activities, increasing M&A activity and complex IP structures, collaborations with start-ups and technology partners, and the management of intangible assets all call for robust yet flexible tax structures. Added to this are requirements for transparency, ESG reporting and new international tax regimes, which are putting existing structures to the test.
Our range of services
Our specialist tax advisory service for the life sciences and chemicals sectors helps you to actively and proactively shape this transformation. At the heart of our service are dedicated, experienced advisors who bring tax expertise gained directly from the life sciences and chemicals sectors and who understand the specific challenges of your business from first-hand experience. We combine in-depth industry understanding with sound tax expertise and support you throughout the entire transformation process – from strategic reorientation to operational implementation. Our focus is on identifying tax risks at an early stage, ensuring compliance and making responsible use of tax planning opportunities.
In doing so, our teams act as reliable sparring partners on an equal footing and ensure that tax considerations are closely integrated with your business decisions.
Our aim is to guide you safely through change from a tax perspective: with an international network, an interdisciplinary approach and clear recommendations that strengthen your decisions and secure your future viability – so that you can concentrate on what matters: innovation, growth and a sustainable position within the life sciences ecosystem.
Your contact
Magdalena Bonna
Partner, Tax, Global Transfer Pricing Services – Head of Center of Excellence for Transfer Pricing Innovation & Technology
KPMG AG Wirtschaftsprüfungsgesellschaft