Value Added Tax Consultation and Tax Law
Company taxation can be optimized through tax planning. In business, it’s important to consider tax-related factors and understand your tax obligations. Utilizing the expertise of an experienced professional to manage your company’s tax matters provides the company with time to focus on its core operations. Tax planning facilitates the healthy growth of the company.
Handling Tax Matters
Utilizing the expertise of an experienced professional to manage the company’s tax matters provides the company with time to focus on running its core business operations.
Significant benefits can be achieved in taxation by carefully planning its effects in various situations. Similarly, through tax planning and tax consulting, a company saves time by avoiding potential corrections of errors and the need for explanations to authorities. When tax-related aspects are thoroughly examined, unnecessary tax assessments and penalties can be avoided. The larger a company’s turnover, the higher the penalties for incorrect tax returns can be. The most severe consequence could be criminal liability if the conditions of criminal law are met due to the company’s incorrect actions.
Many types of taxes, such as value-added tax and excise taxes, are self-assessed taxes, emphasizing a company’s own responsibility for accurate tax reporting. Generally, once the Tax Administration initiates control measures, a company can no longer self-correct a VAT return. This means that in case of errors, the Tax Administration determines the tax and penalties, even if the mistake was made unintentionally. However, errors can be corrected voluntarily for the past three years if tax inspection has not commenced.
During tax audits, objections, appeals, and advance ruling applications, it’s advisable to utilize an expert to clearly present your case to the authorities.
We have substantial experience in tax law. We promptly and cost-effectively address your matters. We assist your company in resolving legal questions and fulfilling legal obligations.