Tax reviews including due diligence
A tax review is an examination of the accuracy of tax settlements. The review may include all taxes or selected taxation area. Consultants’ visits take several days to examine the source documents and tax procedures adopted by the taxable person.
The audit is documented in a report which summarizes the procedures, describes any non-compliance and recommendations. Efficient implementation of the recommendations made in the final report enables the taxpayer to correct the non-compliance and to avoid fiscal and tax sanctions.
Due diligence consists in assessing the current tax situation of the enterprise, and consequently identifying the risks involved in the planned transaction, as well as recommending the course of the investment process.