Euro centra | TMF Group case study

Euro Centra

The challenge of global compliance

Euro Centra details how TMF Group helped them to overcome what seemed an insurmountable challenge

Services for: Tax compliance

Provided in: Hong Kong

Euro Centra Company Ltd is a German-based, family-owned company, providing full services in global sourcing and supply chain management. Their Asian sourcing set-up is led by their office in Hong Kong.

Says Euro Centra's Managing Director Asia Pacific, Andre Zuppa: "At least five years ago we had our yearly tax audit and some of the profits we’d claimed as offshore were questioned by the local Inland Revenue Department (IRD). The questioned period involved tax audits from the previous 10 years.

"We were confident that we were correct but tracking down the relevant documentation soon became a huge challenge.

"From my first impression of TMF Group I had a good feeling that they would take our aim very seriously and it was clear they had lots of experience to share with us. With TMF Group on our side I felt more confident that we could clarify our case to the IRD. As it turned out, we were even more successful than we expected.

"Altogether, TMF Group’s close cooperation, communication and discussion with us about the steps we needed to take helped us to successfully deal with the situation.”

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