Checklist: how to properly organize tax monitoring in the company

Checklist: how to properly organize tax monitoring in the company

Legal Insight magazine published an article by Mikhail Begunov, Managing Partner of Tax Complince.

In this article Mikhail Begunov has prepared a checklist that will allow the company to properly organize the transition to tax monitoring and not to lose sight of anything.

What should be done before tax monitoring

Before making a decision on the transition to tax monitoring, you should determine its economic feasibility and carry out a comprehensive analysis of the advantages and disadvantages of tax monitoring in general, as well as benefits and costs directly to the company.

To apply to the inspectorate for developing regulations

After verifying that the company meets the amount criteria, it is necessary to address the company to the tax inspectorate to discuss the stages of the project. All agreements are recorded in a road map. Then, in accordance with it, draft documents are provided to the inspection.

Missing regulations on risk management and internal controls must be developed, and reporting forms for ICS must be prepared in accordance with the requirements of the Russian Federal Tax Service.

Choose a method of interaction with the inspectorate

When choosing a way of interaction with the inspectorate, one should consider, among other things, the financial component. In addition, one must analyze the three available methods of information exchange between an organization and an inspectorate for tax monitoring purposes.

  • Providing access to organization's information systems.
  • Providing access to analytical data showcase.
  • By telecommunication channels via an electronic document management operator.

The full text of the article can be found here.