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Over the past few years, many top managers have found themselves in hot water as covert price fixing, corruption, forgery of data, and similar matters have come to light. The damage to companies has been enormous. A skilfully integrated Compliance Management System (CMS) can help you to further raise the awareness of your employees about compliant and law-abiding behaviour in order to avoid liability cases, lawsuits for damages, and official investigations.

However, this does not apply only to large companies and criminal law violations. For years, we have seen an increase in procedures aimed specifically at medium-sized companies and dealing with questions of tax law, minimum wage, data protection, and customs law.

Also available to you are a variety of tools, including internal guidelines and specific, targeted testing procedures, employee training, internal audits, and reporting systems.

Even smaller companies can now implement an internal or external compliance system, or both internal and external compliance systems. Each of these options offers distinct advantages and disadvantages. An external compliance officer might be particularly useful if you have few resources for internal staffing or simply want  to carry on business in a cost-effective way. Employing your own internal compliance officer is recommended for compliance high-risk areas, such as antitrust law.

With an external compliance officer, you will have an efficient and independent consultant at your beck and call, you will be able to avoid conflicts of interest, you will accrue no additional training and education costs, and you will be able to focus on your core business.

At the beginning of a compliance process, RIEDIGER. legal | tax will first conduct a sector-specific risk analysis at your company in order to determine where compliance is required and even if it is necessary at all. RIEDIGER. legal | tax will work with you to create internal policies and train your employees. Together, we will work out ways that best-case infringements can be prevented and identified, and we will show you how best to respond to identified violations.

If it makes sense for your company to appoint an external compliance officer (possibly only for sub-areas such as data protection, employment law, or customs), you will receive a tailor-made offer from us. We consciously avoid lump sums here in order to keep expenses for your company as low as possible.

Possible compliance subareas

Cross-border transactions and thus also cross-border deliveries of goods are greatly affected by customs and foreign trade regulations. The compliant handling of these transactions requires knowledge of the legal framework.

This starts with supposedly simple references to the origin of the goods and increases with the indication of the tariff number and finally the determination of export control approval reservations.

On the one hand, professional qualification is necessary in order to be able to act in a compliant manner. On the other hand, a risk-oriented compliance management system (CMS) for activities relevant to customs and foreign trade needs to be implemented in order to systematically minimise the numerous potential risks.

Since the number of customs and foreign trade audits are on the rise, and system-related violations are more severely punished by public authorities than ‘normal’ operational errors, we recommend the implementation of and regular review by a CMS.

Get in touch with us if we can assist you.

A large number of companies rely on external data protection officers to meet strict legal requirements. Advantages of an external solution are calculable costs, liability protection, high qualification, and the experience of an external data protection officer, no training costs, and an unbiased, pragmatic approach. Also, with regard to labour law, protection from unwarranted dismissal by an internal data protection officer is often a good reason for an external solution.

Our experts and data protection officers will be happy to give you advice on data protection issues or to train your staff.

Please get in touch with us for an individual offer.

Tax compliance focusses on capturing and optimising structures, workflows, and issues within the organisation that may have tax implications. The purpose of this is to act in accordance with tax legislation.

  • Optimisation of deadline control
  • Verification of proper tax accounting and record keeping obligations
  • Discovering the risks of the hidden profit distribution?
  • Making certain that invoices contain the required information pursuant to §15 of the Turnover Tax Act (UstG), etc.

The options for setting up a tax compliance system are quite diverse and should be based on your individual company needs. Just give us a call.

Would you like to contact us with regard to compliance issues? We are happy to be here for you!
Denis Riediger | +49 (0) 351 438 3708-12