Tax Audit

What does a tax audit offer?

• Verification of the accuracy of tax accounting and reporting within a company to identify and eliminate errors before regulatory authorities conduct an audit;

• Assurance when changing the chief accountant or manager;

• Review of tax reporting before submission to competent state authorities.

Purpose of a tax audit:

• Identifying errors in the accounting and tax reporting system and developing measures to correct them;

• Gathering and analyzing information on the taxpayer's opportunities for tax optimization;

• Identifying and assessing potential tax risks;

• Using auditors' recommendations on tax calculation procedures;

• Improving the tax accounting system.

The tax audit process includes:

• Evaluation of the company's tax system, including an overall analysis and examination of individual taxation elements, identifying key factors that influence tax indicators;

• Legal and tax expertise of the existing system of business relations;

• Analysis of tax accounting methodology;

• Analysis of the accuracy of tax calculations and their compliance with current tax legislation;

• Review of the company's primary and contractual documentation;

• Ensuring that tax reporting aligns with accounting and tax records;

• Verification of the correctness of tax report preparation and submission.