Tax audits are becoming more common in Asia Pacific, and coupled with the OECD’s Base Erosion and Profit Shifting (BEPS) project, the tax profile and activities of multinational enterprises are subject to an unprecedented level of attention by tax authorities. Additionally, information is now being exchanged more openly across borders. This increased transparency has the potential to affect both the likelihood of a tax audit and the ways in which taxpayers must approach audits on a global basis.
Handling a tax dispute includes every stage from even before the time when tax authorities begin their examination, to dealing with queries from the tax authorities, handling audits, coming to settlement agreements and, if necessary, actually litigating.
Handling Tax Controversy in Asia Pacific details the procedures and mechanisms in relation to tax disputes, whether through settlement or formal litigation. It also covers the following:
- Advance preparation and procedures for tax audits
- Procedures for and objections to tax litigation
- Confidentiality and conditions for disclosure of information
Be informed and be ready in the event of a tax audit. Click here to download a copy.