.png){kind=small}
Tax revision (tax audit) is a service that involves the examination of books, documents, tax returns, e-documents, records, and all other financial records and transactions for a fiscal year in accordance with tax legislation, as well as the identification of the business's financial development areas. The consultancy service is tailored to your organization based on criteria such as company size, industry, corporate structure, and business strategy, with a risk-based approach.
Topics Examined Within the Scope of Tax Revision
Valuation Processes: Review of physical inventory counts and stocks, cost accounting processes, calculation of the cost of goods sold, yield examinations, compliance with arm’s length principle, capacity utilization, and valuation methods for fixed assets and stocks.
Financial Transactions: Examination of thin capitalization, transfer pricing, exchange differences, capital increases, cash and bank transactions, credit utilization, profit distribution, accounts receivable and payable, securities, special funds, and investment.
Expenses, Deductions, Exemptions, and Incentives: Analysis of non-deductible expenses, exemptions, deductions, capital utilization, R&D activities, wage deductions, and regional and sectoral incentives specific to your company.
Declarations, Procedures, and Record Keeping: Review of tax calculations, compliance with the Turkish Commercial Code (TTK) and Tax Procedure Law (VUK) and accounting principles, BA/BS forms, Social Security Institution (SGK) notifications, the structure of the accounting department, professional diligence, and adherence to the uniform chart of accounts
Risks and Opportunities: Assessment of tax risks, utilization of incentives and exemptions, and other regulatory tax matters.
Analyses: Benford Analysis, trend analysis, arithmetic and proportional accuracy, data analysis, and preliminary fraud investigations.
Which Taxpayers Are Covered by the Tax Revision?
Companies, economic public institutions, economic enterprises of associations and foundations, and other legal entities required to keep books and accounts, and to preserve and present documents and records in accordance with the Tax Procedure Law or other relevant laws, can benefit from our tax revision services.
For consultancy and audit requests, you can reach us through the following communication channels.
