Life Science Services

Key Pitfalls to avoid for U.S. Biotech Firms when settling in Europe

In this article we would like to share our experiences in the most common and recurring pitfalls that US Biotech companies do when going global and coming to Europe. We will address four key areas: The views expressed in this article are different from the established norms, but we believe they reflect today’s reality. Because […]

CxOs challenges for 2023 in the Life Sciences sector

In this article, we’ll explore some of the key trends that will shape the life sciences industry for the next years to come (2023 and beyond). We examined how companies are responding to these new needs, and what CxOs can do to stay competitive as these trends develop in every business function. The life sciences […]

Electronic Invoicing obligations in Europe as of 2023

Italy was the first country to in force B2G (Business to Government) electronic invoicing (e-invoicing) in 2014. Italy was also the pioneer to introduce B2B and B2B in 2019, for almost all Italian companies. Currently, several EU countries have full E-invoicing mandatory only for B2G : Spain, France, Portugal, Croatia, the Czech Republic, Poland, Finland, […]

SAP talks about us!

Ichnos Sciences is a fully integrated biotechnology company headquartered in New York City with an Innovation Hub and Manufacturing operations in Switzerland. Focused in research and innovative, transformative solutions on the frontiers of oncology and autoimmune diseases, Ichnos Sciences seek to treat patients holistically, by targeting diseases and their consequences on the human body on […]

What is transfer pricing ?

This article will provide you with a high-level methodology for the different methods and types of transfer pricing. You will not become a tax expert, but next time you will be asked the question “what is your transfer pricing method”, you probably won’t respond “Cost +”… Multinational companies, MNE, used to allocate profits (earnings before […]

Chaos or Catastrophe? BREXIT Transition ends on 31 December 2020

With less than a month to go (date of writing 1-Dec-2020) until the end of the post-Brexit transition period, there’s still no clarity about exactly how the UK’s borders will operate outside the EU’s economic zone – the single market and the customs union. There is still no trade deal between the UK and the […]

What is Shadow Payroll?

Today’s workforce is mobile, and COVID-19 pandemic has accelerated this trend. France, Italy, Germany and even Belgium, Netherlands and UK… It is not unusual to hear that people returned to their home country and are working remotely. Can this practice have an impact on companies and the way payroll is handled? Yes, it does. As […]

Work from home, employers obligations in the EU big 6 and Switzerland

Continuing with our “work from home” series, we would like to share with you in the table below and the file attached our findings about the discrepancies of the work from home laws in the 6 biggest European countries and Switzerland. Do not hesitate to download the table and the references by clicking the file […]

Future Tax Policy for Digital Economy

The digitalization of the economy remains an important tax challenge and was identified as an area of focus of the Base Erosion and Profit Shifting (BEPS) Action Plan. With the objective to change the actual profit allocation rules for digital companies two Pillars were identified: Grouped under an Inclusive Framework (“IF”), the Program of Work […]

Tips for efficient remote office work

The transition to the world post COVID-19 is more delicate than expected. Before the summer and after several months fighting the disease, many countries flatten the curve of new cases. However, for now a few weeks the curve of infections is on the high again and what companies anticipated to be extraordinary and temporary measures […]