Tax Due Diligence (tax audit) in Kiev, Ukraine

Tax Due Diligence is a process that combines a comprehensive tax audit of the company, analysis of its financial activities and study of the tax business environment of the organization. Its main purpose is to identify and prevent risks, as well as possible tax optimization. Due to the complexity of tax legislation in Ukraine and its constant updating, to conduct tax Due Diligence requires not only professional experience, but also deep knowledge of the law, international agreements to avoid double taxation and financial accounting. Company PETTERSON & BENNETT will provide qualified tax audit services both for domestic companies and for companies with foreign capital and their representation in Ukraine.

Peculiarities of tax Due Diligence

The scale of this process depends on many factors. This can be just a review of the company's tax audit, and can be a deep analysis of the enterprise's reporting and documentation.

What are the procedures for conducting tax Due Diligence:

• selective check of the primary documentation;

• checking the correctness of the display of economic transactions in the reporting;

• checking the correctness of tax reporting;

• checking the deadlines for registration of tax and excise invoices;

• control over compliance with Ukrainian legislation;

• analysis of accounting systems (if necessary, personnel accounting);

• identification of possible shortcomings or errors;

• calculating the risks to obtain tax sanctions.

It is important to have in the staff of professional financiers, lawyers, auditors for the highest quality of Due Diligence. If there are none, it is worth contacting the companies that offer their competent services on this issue. It will save not only nerves and time, but also money.

In order to avoid and minimize risk, we recommend conducting a tax Due Diligence before a scheduled tax inspection. Thus, the infringement of the legislation can be revealed or warned, the specified calculations are submitted and the necessary documentation is prepared before the arrival of the authorities of the FIS.

Tax audit is also useful in the process of buying (absorbing) the working business. Be informed about the specifics of the tax environment, the object of investment, potential risks and possible optimization pools. The more information is available to you, the more accurate the management (investment) decision will be made.

Tax Due Diligence in Kyiv with PETTERSON & BENNETT

PETTERSON & BENNETT is an accounting consulting company in Ukraine. We provide our tax services to companies regardless of their form of ownership in Ukraine. Our main task is the successful and lawful development of your own business in Ukrain. Most domestic and foreign companies, branches and representative offices are our regular customers.

Advantages of the company PETTERSON & BENNETT:

• operative solution of tax problems of any complexity;

• qualified specialists in the field of taxation;

• established communication and paperwork in business English (if necessary);

• reasonable prices in comparison with competitors;

• fixed cost for certain types of services;

• years of experience in the provision of tax services.

Our task is your success in the conduct of your own business. This applies to all tax systems and much more, which affects the successful functioning of domestic and foreign companies, branches, representative offices. If you have additional questions on tax Due Diligence, call now and we will solve all possible problems in a short time.