As a member of the Advisory or Supervisory Board when and how should you pay attention to tax topics?
Simultaneously observe the status quo of the three time zones: tax audit, current demands through changes in the company or the market as well as new tax regulations on the national or international level.
Get insights from the last tax audit regarding data quality, technical assessments including the respective tax consequences, as well as the communication atmosphere with tax authorities.
Any time changes in business operations are planned the tax consequences should be considered at an early stage and should be documented thoroughly.
Always get acquainted, e.g. via presentations from tax experts, with new national and international tax regulations and their effects on the company. Supervise the respective implementation plan whether it is feasible and on time.