Corporate tax returns and advice in Europe can vary from country to country, depending on the particular laws and regulations of each nation. Generally, businesses in Europe must file an annual income tax return with their respective national tax authority. The return must disclose profits and losses, along with any deductions that might apply to the business in order to reduce its overall taxable amount. Additionally, businesses may be able to take advantage of certain incentives or deductions provided by the national legislation. It is important for companies operating in Europe to obtain professional advice about corporate taxation so that they can ensure compliance with the relevant laws and optimise their bottom line.