Tax audit

Our tax audit service protects you and insures against tax violations identified during the tax audit of the controlling unit, about which you get detailed information in advance, therefore, you have the opportunity to decide to resolve the tax violation and be exempt from tax deductions. The tax audit service offers to determine the accuracy of the payment (tax liability) to the budget of your economic activity, to identify tax risks, and to reduce and minimize them.

These services include:

• Check the accuracy of the declarations, calculations, and information submitted by you to the rating authority, including income tax, profit tax, asset tax, excise tax, value-added tax, etc.;

• Comparison of primary documentation with the declared data and, if available, accounting records;

• Study the issues of taxation of relevant transactions in the process of economic activity.

A tax audit report and/or a letter of recommendation will be prepared on the results of the tax audit, which will be prepared according to the following principle:

Factual circumstance

A description of the relevant factual circumstances will be given for each transaction for which tax risk and/or tax evasion will be identified.

Problem

A problem will be formed, Georgian legislation tax norms and compliance audit will be explained in detail, which have been violated or may be considered as a violation in case of inspecting by the controlling unit (tax), indicating the relevant responsibilities;

Recommendation

An appropriate recommendation will be issued for tax risks and tax violations identified after inspecting- with an indication of specific actions to rectify the problem.