Tax consulting for chemical and pharmaceutical companies
Our clients in this sector include distribution companies for chemical raw materials, pharmaceutical companies, generics manufacturers, hairdressing equipment manufacturers and lubricant manufacturers. A lot of money is earned here and the accuracy and speed of information is crucial. This is where we are in our element from a tax perspective.
Worldwide experience with the chemical and pharmaceutical industry: for decades
Benefitax GmbH has extensive experience with the chemical and pharmaceutical industries worldwide. Since his first professional year in 1991, our managing director Mr. Biernat has been involved in auditing assignments for large, mostly listed chemical groups. He later worked as an audit manager and then as the auditor responsible for auditing and advising well-known chemical and pharmaceutical companies throughout Germany. He was responsible for auditing the annual financial statements of many German subsidiaries of a pharmaceutical company that was formerly listed on the stock exchange and now belongs to a US group with 500 subsidiaries worldwide. For a generics manufacturer listed on the M-DAX, he was the signing auditor for several years, in this function he also supervised the audit of the foreign subsidiaries and was responsible for the implementation of special assignments such as the IFRS conversion or a capital increase amounting to several hundred million euros.
Long-standing clients in the pharmaceutical and chemical industries
The numerous contacts resulted in further orders from smaller chemical and pharmaceutical companies in the areas of preparation, compliance and consulting, most of which are former subsidiaries of the audited groups. Despite frequent changes due to mergers, demergers and changes in shareholders, many of these companies have been loyal clients for many years.
Pharmaceutical companies of all sizes trust us. Foreign corporate groups that want to acquire German pharmaceutical and chemical companies commission us with the due diligence of the respective target companies in Germany. They benefit from a comprehensive range of services in the areas of compliance, tax advice, business consulting and M&A.
Choose from these services for the chemical and pharmaceutical industry:
- Preparation of financial accounting and payroll accounting
- Preparation of annual financial statements
- Advice on the creation and improvement of risk management systems and compliance systems
- Tax optimization of the production process , even across borders
- Transfer pricing and transfer pricing documentation
- Advice on VAT law for cross-border service relationships
- Support in M&A transactions (in particular due diligence, company valuation)
- Tax and commercial law treatment of license agreements
