Tax audit is one of the tools of tax risk management - its purpose is to verify whether a given entity correctly applies the provisions of tax law and recognises transactions in appropriate settlement periods. A well conducted tax audit makes it possible, first of all, to identify areas of potential tax risks and incorrect settlements and to estimate potential negative financial consequences for a company and its management.
A tax audit also helps to identify areas for tax savings.
A tax audit may address the following areas:
During tax audit we put particular emphasis on the most vulnerable areas susceptible to dynamic changes in tax law and new interpretations issued by tax authorities.
Our tax audit includes an evaluation of the company's source documentation in selected areas for the correctness of tax settlements.
Tax audit involves a random analysis of selected source documentation (e.g. books of accounts, invoices, records, declarations and trade agreements) and verification of the company's internal policies.
The result of the tax audit is a report summarizing the identified irregularities and risk areas including practical ways of their elimination as well as recommendations on how to mitigate these risks in the future.
The list of corrective actions includes necessary modifications and supplements to the documentation.
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Tax microaccount – change for taxpayers from 1 January 2020
Tax Alert – White List of taxpayers
New VAT matrix
Tax schemes reporting (MDR)