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Advantages of cameral tax audits
Advantages of cameral tax audits
Clarifying the circumstances that lead to tax audits that business subjects often encounter and the ways out, A. Bayramov noted that the in-house tax audit is one of the most relevant audits that most accountants encounter every day: "At this time, the information sent by the taxpayer, reports and other sources information is cross-checked. If any inconsistency is found, a letter is sent to the taxpayer and the error is requested to be corrected. The process is carried out through the AVIS program, and inconsistencies are detected as a result of cross-checks in the submitted declarations. For example, as a result of cross-checking between property tax and income tax returns, it was revealed that the taxpayer provided information about the entrepreneur in the income tax return, but did not submit the property tax return, or the information was provided incorrectly. The tax authority analyzes this information and shows that there is a balance at the beginning and end of the period related to fixed assets, but the property tax declaration has not been submitted. At this time, inconsistency with the expenses indicated in the income tax declaration may be revealed."
Stating that it is beneficial for accountants to reveal such inconsistencies through camera tax audits, the expert emphasized that they are insured against the risks of mobile tax audits. He pointed out that even if the accountants sent an empty report using the capabilities of AVIS, they could easily resend their declarations by obtaining a lot of accounting information and voiced some recommendations: "According to the legislation, legal entities are not taxed at the source of payment for leased properties, and thereby No related report is required. But when submitting the income tax declaration at the end of the year, when the amount of rent is recorded by legal entities, an automatic inconsistency is revealed. In this case, it is possible to give explanations in letters based on the legislation. However, instead of submitting letters and reports 4-5 times a month, it is more convenient to prepare a tax declaration at the source of payment, record rents from legal entities and send them there."
A.Bayramov also noted the inconsistencies related to salary expenses, value added tax on non-residents and tax at the source of payment among those revealed through AVIS and gave explanations about them.
Clarifying the circumstances that lead to tax audits that business subjects often encounter and the ways out, A. Bayramov noted that the in-house tax audit is one of the most relevant audits that most accountants encounter every day: "At this time, the information sent by the taxpayer, reports and other sources information is cross-checked. If any inconsistency is found, a letter is sent to the taxpayer and the error is requested to be corrected. The process is carried out through the AVIS program, and inconsistencies are detected as a result of cross-checks in the submitted declarations. For example, as a result of cross-checking between property tax and income tax returns, it was revealed that the taxpayer provided information about the entrepreneur in the income tax return, but did not submit the property tax return, or the information was provided incorrectly. The tax authority analyzes this information and shows that there is a balance at the beginning and end of the period related to fixed assets, but the property tax declaration has not been submitted. At this time, inconsistency with the expenses indicated in the income tax declaration may be revealed."
Stating that it is beneficial for accountants to reveal such inconsistencies through camera tax audits, the expert emphasized that they are insured against the risks of mobile tax audits. He pointed out that even if the accountants sent an empty report using the capabilities of AVIS, they could easily resend their declarations by obtaining a lot of accounting information and voiced some recommendations: "According to the legislation, legal entities are not taxed at the source of payment for leased properties, and thereby No related report is required. But when submitting the income tax declaration at the end of the year, when the amount of rent is recorded by legal entities, an automatic inconsistency is revealed. In this case, it is possible to give explanations in letters based on the legislation. However, instead of submitting letters and reports 4-5 times a month, it is more convenient to prepare a tax declaration at the source of payment, record rents from legal entities and send them there."
A.Bayramov also noted the inconsistencies related to salary expenses, value added tax on non-residents and tax at the source of payment among those revealed through AVIS and gave explanations about them.