What is a tax audit? Why is a tax audit done?
are one of the most fundamental obligations of citizens living in a country.
Taxes, which are one of the most important sources of revenue for states, are
the primary source of funding for public-sector expenditures.
is a tax audit and why is it important?
In Turkey, tax processes such as tax
collection and auditing are carried out by relevant ministries and various
institutions, particularly the Revenue Administration. Tax auditing, on the
other hand, is critical in terms of tax, which can be a very complex process,
to determine the taxes that individuals or institutions must pay, to pay them
healthily, to benefit from various exemptions, if any, and, most importantly,
to avoid unpleasant surprises.
The purpose of tax audit is defined
in Article 135 of the Tax Procedure Law. Tax auditing, which is defined in this
definition as investigating, determining, and ensuring the accuracy of the
taxes to be paid, is critical in predicting the situations that individuals and
institutions may face in favor or against.
is a tax audit done?
Tax auditing is critical in
determining the sectors and subjects that have different tax privileges, as
well as in revealing the information requests and determinations based on the
Here are some scenarios that can be
resolved through tax audits:
- Imbalances and inconsistencies in
the Financial Statements,
- Controlling whether costs and
expenses are higher or lower than the industry average,
- Tax refund requests,
- If a permanent loss is declared
during the operation period,
- VAT is being transferred in
unexpected sectors regularly.
- Discounts disproportionate to their
activities -exception-KKEG statement,
- High balances are found in the Cash
and Partners accounts,
- Examining the black money issue in
terms of taxation,
- Capital risk disguised, tracing the
traces of significantly large transactions within the context of transfer
Along with these examples, numerous
other scenarios and reasons highlight the significance of tax auditing.
From the standpoint of
sustainability, if digitalization is important in the near future, the critical
items in the preceding titles can be inspected and questioned using systems
that are available today.
We can also assist you in staying
one step ahead of potential risks.
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