Tax Audit services
Tax Audit services in Dubai
Tax Audit services offered by PROFITZ ADVISORY, located in Q1-06-105/A, SAIF ZONE, Sharjah, UAE, involve the examination and verification of an organization's tax-related records and transactions. The primary objective of a tax audit is to ensure compliance with tax laws and regulations, identify potential tax risks, and minimize the likelihood of penalties or legal issues related to taxation.
we provides the following Tax Audit services:
Review of Tax Returns: The company examines the tax returns prepared by the client to assess their accuracy and compliance with the applicable tax laws. This includes verifying the completeness of income reporting, deductions, credits, and other relevant information.
Analysis of Tax Planning Strategies: The company reviews the tax planning strategies implemented by the client to assess their effectiveness and compliance with tax laws. This includes examining tax structures, deductions, credits, and other tax planning mechanisms to ensure they align with legal requirements and minimize tax liabilities.
Tax Compliance Assessment: we evaluate the client's compliance with local and international tax laws, regulations, and reporting requirements. This involves ensuring that the organization has fulfilled its tax obligations, such as timely filing of tax returns, payment of taxes, and adherence to relevant tax provisions.
Identification of Tax Risks: The tax audit process includes identifying potential tax risks or areas where the organization may be exposed to non-compliance.PROFITZ ADVISORY assesses the client's tax positions, transactions, and related documentation to identify any areas of concern or potential tax exposures
Communication with Tax Authorities: In case of any discrepancies, disputes, or inquiries from tax authorities, our represents the client and acts as their tax advisor. They communicate and negotiate with tax authorities on behalf of the client to resolve any issues and ensure a smooth tax audit process.
With the aid of our company Tax Audit services are crucial for organizations to maintain proper tax records, comply with tax laws, and mitigate tax-related risks. By engaging in a tax audit, companies can identify areas of improvement, rectify any potential non-compliance, and maintain a strong tax position while avoiding penalties and legal consequences.
