Under a self-assessment system, a company's directors have the primary responsibly to comply with the Revenue laws and to prepare and submit a complete and accurate corporate income tax return.
A Corporate Tax Return Review assists with these responsibilities. In addition to reasonable affirmation of a complete and accurate tax return, our corporate income tax return review will provide companies with the following benefits:
- Minimizing any potential taxation exposure and providing the company with an update on its tax status;
- Providing tax planning and tax saving opportunities to the company, which directly benefit the bottom line;
- Providing the directors with a reasonable level of comfort in affirming that the tax return does not contain any inappropriate statement and/or information;
- Serving as a tool for the company to identify major exceptions to corporate income tax compliance. This includes positions that could subject the company to material tax penalties;
- Addressing possible adverse tax implications of current treatment of other taxes such as value added tax, withholding taxes and specific business tax.
