TAX ADVISORY
Tax Audit Support
Expert support
and overpaid taxes.
We closely review the key tax issues that arise during a tax audit and systematically respond
to inquiries and requests for explanation from the tax authorities,
minimizing your company's tax risk.
SERVICE OVERVIEW
A tax audit calls for accurate judgment
on the issues involved and a well-organized response.
A tax audit is a process in which the tax authorities examine a company's overall tax treatment and filing history.
It is essential to accurately identify the key issues from the earliest stage of the audit and to systematically organize the relevant facts and legal basis for the company's position.
VITAL TAX takes the time to understand your company's business structure and key transactions, and closely reviews the tax items under audit and the key issues involved — providing expert support throughout the entire tax audit process, from document submission and responses to requests for explanation through to addressing the substantive tax issues raised.
Service
Tax Audit Support
Category
Tax Advisory
For
Corporations · Sole Proprietors
Scope
Pre-Audit Review · Audit Response · Document Submission · Response to Requests for Explanation
KEY SERVICES
Key Services
01
Pre-Audit Tax Risk Review
We review the company's tax filing history and key transactions to identify matters that may become issues during a tax audit, along with potential tax risks.
02
Audit Response Support
We monitor the progress and scope of the tax audit, and systematically develop response strategies and supporting rationale for the key tax issues involved.
03
Document Submission & Explanation Response Support
We review the tax authorities' requests for documents and explanations, and organize the relevant facts and legal basis to support the response.
04
Tax Issue Review
We review the relevant tax law, case law, and administrative rulings related to the key tax issues raised during the audit, and propose well-reasoned response strategies.
PROCESS
Our Process
01
Understanding Status & Identifying Risks
We confirm the scope and tax items subject to the audit, and analyze the tax filing history and key transactions to identify anticipated issues.
02
Audit Response
We monitor the progress of the audit and the tax authorities' requests, and develop response strategies for each key tax issue.
03
Document Submission & Explanation
We review the requested documents and relevant facts, and systematically organize the legal basis and supporting materials to support the audit response.
04
Issue Resolution & Post-Audit Management
We review the audit findings and key tax issues, and support any necessary follow-up response and ongoing tax risk management.