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Tax Risk Assessment

Identify and quantify tax risks before they become costly problems.

Process

Assessment Steps

1. Discovery

Review business operations and transaction flows. Examine chart of accounts and VAT coding. Interview key finance team members. Understand intercompany arrangements.

2. Testing

Sample test sales invoices for VAT accuracy. Review purchase invoices for input tax validity. Check import declarations against VAT entries. Test reverse charge calculations.

3. Analysis

Reconcile VAT returns to accounting records. Identify over-declared or under-declared VAT. Assess DMTT exposure and data readiness. Review transfer pricing documentation.

4. Report

Detailed findings report with risk ratings. Prioritized remediation plan. Quantified exposure (under/over-payments). Actionable recommendations with timelines.

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Prevention is better than cure — especially with tax authorities.

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