Tax audit

Tax audits represent: company’s accounting, tax liability recognition and budgeting, compliance with Georgian legislation. To this end, we’re checking the timeliness and correctness of filing the relevant tax returns.

During the tax audit we’ll check:

• examination of the order and form of the preparation of primary documents with the image of business transactions, taking into account existing requirements;
• verification of accounting of business operations and accounting records in compliance with international accounting standards;
• examination of tax liabilities arising from business operations for compliance with the requirements of the Tax Code;
• examine tax reporting forms, declarations, tax requirements and compliance with business transactions;
• as a result, you will be provided with a confidential report indicating gaps and tax risks identified by the audit service, their financial implications and recommendations regarding possible measures to eliminate deficiencies, as well as recommendations on ways to eliminate or minimize tax risks;

A significant part of the financial resources of companies in Georgia is used to cover fines and penalties for tax violations, which are mainly due to the complexity of the area, inadequate qualifications of companies, lack of control and many other reasons.

The tax audit will minimize the tax risk of your company, as well as keeping you informed about future taxation, optimizing taxes will also save your future finances.

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