Tax compliance review: securing the taxation of your business

The fiscal compliance review was established by a decree on January 13, 2021. It allows companies to conduct an annual audit of their taxation to ensure compliance with current tax legislation.

The objective of the fiscal compliance review is to enhance the trust relationship between the tax administration and the taxpayer, thereby helping to reduce the risk of tax audits and adjustments for the company.

The fiscal compliance review applies to all businesses, whether individual or corporate, regardless of their turnover.

The tax compliance examination outlines an audit path, detailed by decree, and includes 10 points considered as the most frequently controlled tax points:

– Compliance of the FEC with the format defined in Article A. 47 A-1 of the LPF

– Accounting quality of the FEC in relation to accounting principles

– Holding a certificate or individual attestation from the publisher in case the company falls within the scope of the obligation provided for in 3° bis of Article 286 I of the CGI

– Adherence to rules on the deadline and mode of document retention

– Validation of compliance with rules related to the applied tax regime (RSI, RN…) for corporate income tax (IS) and value-added tax (VAT) based on the nature of the activity and turnover

– Rules for determining depreciation and their tax treatment

– Rules for determining provisions and their tax treatment

– Rules for determining accrued charges and their tax treatment

– Qualification and deductibility of exceptional charges

– Adherence to rules of collectability in VAT matters (collected and deductible)

The tax compliance examination offers the following main advantages:

– Secure the company’s taxation

– Improve trust with the tax authorities

– Reduce the risk of tax audit

– Exemption from late interest in case of tax audit on the audited points

The tax lawyer is a specialist in business taxation.

Their expertise and independence make them the preferred service provider for companies in conducting a tax compliance examination.

Moreover, beyond their advisory role, the tax lawyer can represent you in all dealings with the tax authorities in case of disputes related to the company’s tax law.

The tax lawyers at LEXPERTAX are specialized in business taxation and conducting tax compliance examinations.

Contact our firm to conduct your tax compliance examination or for any information inquiries.