This refers not only to intentional tax fraud, but also to typical mistakes in tax returns, incorrect tax qualification of economic events, omitting to withhold tax due and errors in annual financial reporting.

Penal responsibility may be imposed on persons responsible for conducting the economic affairs, e.g. member of the Management Board, finance director, chief accountant.

Potential sanctions falling under the penal regulations include imprisonment, restriction of liberty, fines and entry into the register of convicted persons.

KPMG may assist in:

• Analysing potential risks
• Recommending on how to reduce risk
• Preparing documentation and procedures to reduce the risk of crimes being committed and to allow lack of guilt to be proved in potential penal proceedings.