When purchasing an interest in a company, a buyer is advised to ensure that the tax authority will not charge additional taxes in the future or impose fines for earlier periods.
In operating a business, it is also essential to understand any tax vulnerabilities before the regular on-site tax audits are performed by the tax authority.
For this purpose, a tax audit or tax due-diligence review should be conducted. In practice, these two services are very similar. A tax audit is a comprehensive and in-depth examination of a company’s documentation, bookkeeping, and tax registers in order to identify potential tax risks. A tax due diligence review is a quick analysis of the basic aspects of company’s activities for the purpose of identifying tax risks. Due diligence reviews are often conducted before a buyer concludes an agreement to purchase shares or stakes in a company.
Why You Should Choose Us
Lately, obtaining a refund of value added tax (VAT) incurred in connection with the export of goods has been a pressing issue.
On 26 December 2012 the President of the Republic of Kazakhstan signed the Law On Amendments to Some Legislative Acts of the Republic of Kazakhstan on Taxation.
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