Taxes
We comply with all applicable tax regulations in our company processes.
Tax regulations apply to many company processes, such as financial and payroll accounting. These include:
- Transfer pricing regulations for intra-group supply and service relationships
- Wage tax treatment of monetary benefits to associates (such as gifts, hospitality)
- Assessment of cross-border activities, such as mobile working abroad (smart work)
- Correct VAT processing of business relationships (such as during invoicing and invoice audits).
Additional Insight
Receiving gifts is great, but there could be tax implications.
Before giving a Bosch gift to an associate for a special occasion, check local tax regulations. Report potential wage tax implications to the Human Resources department, to determine if the tax value will need to be deducted from the associate’s next paycheck, or if it can be taken on by the company.