Taxation in company valuation is complex. It depends on the valuation reason, legal form, tax characteristics of the property (e.g. losses) and valuation methodological decisions such as the tax shield effect. This article systematizes the most important tax aspects in valuation.

The taxation of corporate income and shareholder income in objective company valuation is complex. Taxes at company and shareholder level must always be taken into account. The exact amount and type of taxation explained in this article is decisive.

Even in daily accounting practice, the topic of “deferred taxes” is rarely one of the favorite topics of the typical finance professional. It is therefore not surprising that, in the course of company valuations, the problem is ignored by the evaluator. When is it still worth taking a look at the topic.