A tax audit is an event that can occur suddenly for both businesses and individuals, but it is something that cannot be avoided when it comes to running a business. However, it is natural to want to avoid it if possible and, if subjected to one, to have it resolved quickly.<\/p>\r\n
During a tax audit, the assigned tax officials gather evidence and make determinations based on transaction facts. They may also point out how the transactions are interpreted from a tax law perspective and may request amendments to tax filings. However, it’s necessary for tax professionals to argue from the taxpayer’s perspective about whether the evidence presented by the tax authorities and the determinations made are valid or whether the application of tax regulations is appropriate, comparing them to past legal precedents and more. This is because there may be cases where the taxpayer does not agree with the points raised by the tax office.<\/p>\r\n
While completely illegal practices cannot be defended, a firm and assertive response is also necessary when dealing with gray areas or accounting practices that may seem malicious. As an international tax consulting firm, we specialize in assisting clients, primarily multinational corporations, with their tax audits.<\/p>\r\n\r\n\r\n