What is it
A tax audit is a voluntary review of a company's tax accounting that you conduct yourselves, before the inspectors arrive. The goal is to identify risks, estimate possible assessments and remove violations while this is still possible without penalties.
What we do
- Analysis of tax reporting for the chosen period
- Checking the legitimacy of applied tax regimes and incentives
- Identifying risks under VAT, CIT and transfer pricing
- Reviewing the contract base from a tax perspective
- Assessing the counterparty structure and risks of sham transactions
- Preparing a report with identified risks and recommendations
- Developing a remediation plan
How we work
Data collection
We review the tax reporting, source documents, contracts and the company's accounting policy.
Analysis
We identify tax risks for each tax. We check the correct application of the Kazakhstan Tax Code.
Assessment
We calculate likely assessments in the event of an audit. We prioritise risks by significance.
Recommendations
We design specific steps to remediate violations. We propose the optimal tax structure.
Result for the client
A full understanding of tax risks before any official audit begins. The ability to remediate violations without penalties. A reduction in likely assessments.