Please note: The algorithm descriptions in English have been automatically translated. Errors may have been introduced in this process. For the original descriptions, go to the Dutch version of the Algorithm Register.
Product Business comparison tool
- Publication category
- Impactful algorithms
- Impact assessment
- Field not filled in.
- Status
- In use
General information
Theme
Begin date
Contact information
Link to publication website
Link to source registration
Responsible use
Goal and impact
The Business Comparison Tool product provides databases with information on business data to make comparisons between businesses.
The results of the Business Comparison Tool product are used to review valuation reports and/or memos (hereinafter: reports) submitted to the Tax Administration staff.
Considerations
The Business Comparison Tool product is used for an assessment of reports submitted by (tax) advisors of taxpayers regarding shares and other property rights of companies.
The Business Comparison Tool product can support a Tax Administration employee in doing so with objective and independent data. The assessment is therefore more careful and efficient than if that data had to be collected and applied by himself.
Human intervention
Human intervention in the Tax Administration context implies that a competent and knowledgeable employee plays a substantial role in decision-making.
Human intervention is always involved in the operation of the Business Comparison Tool product. The product detects and gathers the necessary information from the databases at its disposal. It is the Tax Administration employee who makes the decision.
Risk management
- Privacy and AVG
The Business Comparison Tool product is used exclusively for monitoring non-natural persons. So the General Data Protection Regulation (AVG) does not apply.
- Equality and non-discrimination
The Inland Revenue has no influence on the underlying processes of this product. This product is used exclusively for the supervision of non-natural persons. No personal data is processed in its use.
The supplier is a professional party with which it has contractually agreed to comply with the relevant laws, regulations and other agreements.
Legal basis
- General State Tax Act:
- General Administrative Law Act:
- Payroll Tax Act 1964:
- Income Tax Act 2001:
- Corporation Tax Act 1969:
- Turnover Tax Act 1968:
- Archives Act 1995:
Links to legal bases
- Algemene wet inzake rijksbelastingen: : https://wetten.overheid.nl/BWBR0002320/
- Algemene wet bestuursrecht: : https://wetten.overheid.nl/BWBR0005537/
- Wet op de Loonbelasting 1964:: https://wetten.overheid.nl/BWBR0002471/
- Wet Inkomstenbelasting 2001:: https://wetten.overheid.nl/BWBR0011353/
- Wet op de Vennootschapsbelasting 1969: : https://wetten.overheid.nl/BWBR0002672/
- Wet op de Omzetbelasting 1968: : https://wetten.overheid.nl/BWBR0002629/
- Archiefwet 1995: : https://wetten.overheid.nl/BWBR0007376/
Elaboration on impact assessments
No personal data is used in the product.
Operations
Data
- Information from reports
No personal data is used in the product.
The data used see various key performance indicators; at least growth, profitability, risk and value development.
Links to data sources
Technical design
Among other things, the Inland Revenue assesses reports submitted by tax advisers of taxpayers. This assessment considers the reliability and usefulness of the reports for the purpose of valuation. For this purpose, the Tax Administration uses the Product Business Comparison Tool.
The aim is to create consistency in the assessment of submitted reports, especially in individual cases.
The Company Comparison Tool is a platform that provides access to databases with standardised public (financial) company data. It allows comparisons between different companies to be made. Users can view and download data. This data can be used to analyse how the company or reports to be valued compare economically and accounting-wise with similar companies, the so-called peer group. This covers various key performance indicators, such as growth, profitability, risk and value development.
External provider
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