In order to prepare for the tax inspection / examination process, taxpayer needs to review the current status of relevant documents and accounting books, supplement and prepare necessary documents for the tax inspection / examination process.
A. Recommendations for businesses before tax inspection/ examination:
Review and adjust: Comprehensive review of tax risks, consider additional declarations and make adjustments (if necessary);
Communication: Actively discuss with the tax authority about the content, time of tax inspection / examination as well as the list of documents to be provided;
Preparation: Prepare documents to be provided and propose tax authority to extend the preparation time (if necessary);
Discussion: Discuss with relevant departments and assign responsibility to members;
Support: Consider supporting from tax consulting firms for comprehensive consultancy / review of tax risks.
B. Some documents that need to be prepared during the tax inspection / examination process are listed below:
2. Arrange and prepare the submitted report to the tax office
3. Fully gathering and arranging economic contracts; labor contracts and payroll scales as well as appointments decision and salary adjustments.
4. Original or notarized copy of legal documents:
II. Rights and obligations of taxpayer during tax examination/ inspection
In addition to the mandatory requirements from the tax authority, the taxpayer has a number of rights and obligations listed below: