Tax Compliance

Order Service

Tax Compliance

 

This service includes the preparation of the necessary tax records, as well as the preparation and filing tax returns as detailed below.
 

  • Issue of VAT invoices to customers and verification of VAT invoices received from suppliers;
  • Communication with suppliers for timely delivery of VAT invoices, as well as the correctness of their content;
  • Preparation of VAT invoices register and its submission to the tax office;
  • Preparation and filing of monthly VAT returns;
  • Preparation and filing of the corporate income tax return (as alternative – based on accounting data/primary documents received from the customer);
  • Provision of the detailed breakdown to the corporate income tax return, based on financial accounting data;
  • Analysis of expenses in the entity’s books for their deductibility;
  • Tax depreciation calculation;
  • Discussion with the customer of main amounts in the tax returns, as well as potential tax risks/exposures and ways of eliminate/minimize the exposures;
  • Periodic review of the correctness of tax filings prepared by the customer’s staff;
  • Preparation and filing of other tax returns;
  • Communication with the tax office on issues relating to the past tax returns;
  • Reconciliation between financial and tax accounting data including identification of permanent and temporary differences.
  • Control over the timeliness of filing the tax returns and payment of taxes and duties to the state;
  • Notifying the customer about the tax law changes that may significantly affect its business.

 

Key Contact

Viktor Nevmerzhitsky

Viktor Nevmerzhitsky

Tax & BSO Partner
View bio

Related publications

FAQ (Frequently Asked Questions)

Depreciation — the gradual reduction in the value of property, plant and equipment in tax accounting due to their use.

Accounting — a system for collecting, summarising and presenting the financial information about a company’s activities.

VAT Return — a reporting document that contains information on the amounts of Value Added Tax accrued and paid by a company.

Corporate Income Tax Return — an official report that reflects income, expenses and the calculated corporate income tax.

State Tax Service of Ukraine — the government authority that receives tax reports and monitors compliance with tax legislation.

Tax Reporting — a set of documents submitted to regulatory authorities to account for tax liabilities.

Tax Invoice — a document that confirms the supply of goods or services, used for the purpose of VAT accounting.

Tax Accounting — a system for summarising information about business transactions to determine the tax liabilities of a company.

Tax Deductible Expenses — the expenses that are taken into account when determining the taxable item for corporate income tax.

Tax Authorities — the government institutions that are responsible for monitoring the accuracy of tax calculation and payment.

Permanent and Temporary Differences — the discrepancies between the financial accounting data and tax accounting data that have a bearing on the tax base.

Register of Tax Invoices — a list of all tax invoices submitted by a company to the regulatory authorities.

Financial Accounting — the accounting of business transactions with the objective of preparing the financial statements.