The preparation of the tax return with the help of a tax consultant can provide many advantages for the company. Here are the general steps in the process:
- Initial consultation: the initial meeting between the company and the tax consultant is usually carried out to establish the objectives and needs of the company, as well as to draw up a suitable work plan.
- Data collection: the company will provide the tax consultant with all the documents and information necessary for the preparation of the tax return, including financial statements, transaction data and other tax documents.
- Data analysis: the tax consultant will analyze all the data provided by the company to determine the feasibility of using tax incentives, tax deductions, or other tax planning strategies that can optimize the company’s tax liabilities.
- Preparation of tax return: based on the analysis of data and information collected, the tax consultant will prepare the tax return in accordance with applicable tax regulations. This includes the proper calculation of taxes and the fulfillment of all reporting requirements.
- Checks and corrections: before submitting the tax return to the Tax Authority, the tax consultant will carry out a thorough check of the documents drawn up to ensure that there are no errors or deficiencies that could cause problems in the future.
- Delivery and Follow-up: after the tax return is completed and verified, the tax consultant will send it to the tax authority according to the established schedule. They can also provide follow-up services to monitor the status of reporting and handle any questions or concerns that may arise from the tax authorities.
With the help of competent and experienced tax consultants, companies can ensure that the preparation of tax returns is carried out accurately and in accordance with applicable tax regulations, so as to avoid the risk of fines or sanctions from tax authorities. next,
In drawing up the tax return of the agency, the tax consultant will need a number of documents and information from the company. Such documents usually include:
- Financial statements: the main documents required are the company’s financial statements, including the balance sheet, income statement, cash flow statement, and notes to the financial statements. These financial statements are important for calculating corporate income tax.
- Transaction documents: information about company transactions such as sales, purchases, operating expenses, employee salaries, and other investments is also required. It includes invoices, receipts, and other supporting documents that show the details of the transaction.
- Tax documents: tax documents such as monthly or quarterly tax reports, proofs of tax payments, previous annual tax return reports, as well as other tax-related documents will also be required for analysis and reference.
- Employee information: information about the employee such as the amount, salary and benefits that the company provides to the employee is also required for the calculation of the employee’s income tax and the corresponding withholding tax.
- Company Legal Documents: company legal documents such as the deed of incorporation, recent changes in the composition of the board of directors or shareholders, as well as other documents relating to the structure of the company and share ownership.
- Tax planning documents: documents related to tax planning such as the use of tax incentives, tax deductions, or corporate structures specifically set up for tax purposes will also be required.
In addition to these documents, the tax consultant may also request specific additional information in accordance with the company’s needs and applicable tax conditions. By providing these documents completely and accurately, the company can ensure that the preparation of the tax return is carried out appropriately and in accordance with applicable tax regulations.
Legal documents that are important for the preparation of a tax return of a body include documents confirming the legal status and structure of the enterprise. Here are some legal documents that are usually required:
- Deed of company Establishment: this document is a legal document that shows the establishment of the company and details regarding the structure of the company, such as company name, purpose of establishment, office address, authorized capital, and information about shareholders and directors.
- Recent changes in the deed of incorporation: if there has been a change in the structure of the company since the establishment, documents of recent changes in the deed of incorporation, such as changes in the articles of association or changes in the structure of the board of directors, are also required.
- Approval from a government authority: a document of approval or permission from a relevant government authority, such as the Ministry of Law and Human Rights (Kemenkumham) or other agency, confirming the legal status of the company.
- Tin document (Taxpayer Identification Number): TIN is a tax identification number given to the company by the Directorate General of taxes. The company’S tin document must be included in the tax return of the agency as one of the requirements.
- Other licensing documents: other licensing or licensing documents required according to the company’s business type or specific industry regulations. For example, a business license, environmental license, or operating license issued by the competent authority.
- Contract and agreement documents: relevant contract documents or business agreements, such as rental contracts, cooperation contracts, or agreements with other third parties that could have tax implications for the company.
Ensuring that all relevant legal documents are available and updated is an important step in the preparation of an accurate tax return and in accordance with applicable tax regulations.