A well-designed tax strategy is a strong
competitive advantage capable of raising capital
and ensuring long-term financial stability

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TAX AUDIT

The Tax Department of Kreston GCG recommends running agreed-upon procedures to verify the state of tax accounting and tax reporting accuracy. With this service, the management and company owners will have timely knowledge of tax risks related to their own business operation. The recommendations made by auditors for eliminating the discrepancies (violations) detected in the statements will help minimize the penalties imposed by oversight authorities.

Kreston GCG recommends running comprehensive tax audit services (fees) and tax reviews. The difference is that tax reviews are selective in terms of individual taxes (fees) and/or certain business transactions (business processes).

The subject of tax audit (appraisal) can include:
- Corporate income tax;
- Value-added tax (VAT);
- Personal income tax;
- Environmental tax;
- Rental payments;
- Property tax;
- Single tax;
- Withholding tax;
- Controlled transactions (Transfer Pricing): identification and analysis;
- Permanent establishment of a non-resident.

When conducting a tax audit (appraisal), the auditors from Kreston GCG analyze and examine source documents, accounting ledgers, tax and financial statements. A comprehensive review and analysis of the input information allow us to investigate the transactions comprehensively and estimate whether they are recorded in the statements properly, as well as their compliance with requirements of the current tax and other legislation.

Only highly specialized experts are able to run the audit, which includes auditors, accounting experts, and tax jurists.

TAX AUDIT

The Tax Department of Kreston GCG recommends running agreed-upon procedures to verify the state of tax accounting and tax reporting accuracy. With this service, the management and company owners will have timely knowledge of tax risks related to their own business operation. The recommendations made by auditors for eliminating the discrepancies (violations) detected in the statements will help minimize the penalties imposed by oversight authorities.

Kreston GCG recommends running comprehensive tax audit services (fees) and tax reviews. The difference is that tax reviews are selective in terms of individual taxes (fees) and/or certain business transactions (business processes).

The subject of tax audit (appraisal) can include:
- Corporate income tax;
- Value-added tax (VAT);
- Personal income tax;
- Environmental tax;
- Rental payments;
- Property tax;
- Single tax;
- Withholding tax;
- Controlled transactions (Transfer Pricing): identification and analysis;
- Permanent establishment of a non-resident.

When conducting a tax audit (appraisal), the auditors from Kreston GCG analyze and examine source documents, accounting ledgers, tax and financial statements. A comprehensive review and analysis of the input information allow us to investigate the transactions comprehensively and estimate whether they are recorded in the statements properly, as well as their compliance with requirements of the current tax and other legislation.

Only highly specialized experts are able to run the audit, which includes auditors, accounting experts, and tax jurists.

TAX DISPUTE RESOLUTION

The right to administrative appeal against decisions of the oversight authority is an important and necessary mechanism for pre-trial settlement of a dispute. Resolution of such disputes within an administrative appeal allows saving time and effort avoiding a judicial appeal.

The current state of affairs proves that tax accountants apply rules of the current tax law on taxation incorrectly and give no due consideration to the audit findings, which results in multiple cases of Illegal additional tax payments and punitive (financial) sanctions imposed as a result thereof.

Taking an administrative appeal against the assessment notices and decisions of fiscal services is one of the effective mechanisms for settling conflicts and a form of defending subjective rights of a company.
An administrative appeal is a statutory procedure for protection of rights and legitimate interests of entities violated by decisions, actions or inaction of fiscal authorities that is exercised by a written complaint and stipulates an obligation of the oversight authority to respond and take decisions on the merits of complaints in the time allotted.

As the administrative appeal applies, the taxpayer may order a forensic at his/her own initiative. Once the procedure is complete, the forensic expert provides an informed and objective written conclusion on the matters put before him/her. The audit findings requested by the taxpayer will appeal the decision of an oversight authority and the tax authority can attach it to the case. Such findings, if the accounting expert approves actions of a taxpayer lodging complaint, would boost confidence in the proper business and tax accounting procedures, and would thus cast doubt on findings of the tax authority.

Andrii Popov

Andrii Popov

Partner

Transfer Pricing
Tax Audit
Tax Dispute Resolution

Andrii Popov
Vladyslav Papakin

Vladyslav Papakin

Director of the Transfer Pricing Department

Transfer Pricing
Tax Planning and Structuring

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