Tax audit

In the modern business environment, tax compliance and related risk management play a crucial role in ensuring a company’s financial stability and sustainability. Any business is accompanied by tax risks, the incorrect or untimely assessment and resolution of which can lead to serious financial and legal consequences.

Loialté’s tax audit service is a complex process of assessing compliance with tax legislation, which aims to identify possible tax violations and unused or unappropriated benefits in the past period, determine the relevant financial data, legally assess the identified issues, and issue recommendations for their correction.

What does Loialté’s tax audit service include?

  • Processing of complete information about the taxpayer, bank statements and other accounting documentation about the taxable entity on the Revenue Service’s electronic services website (RS.GE) and checking the accuracy of their reflection in the accounting program;
  • Based on accounting documents and taking into account the requirements of tax legislation, calculating possible tax benefits and tax liabilities and identifying differences compared to declared data;
  • Determining the compliance of tax declarations/calculations submitted to the tax authority with tax legislation and providing legal justification for identified inconsistencies;
  • Recommendations related to eliminating identified shortcomings and improving the effectiveness of tax policy, and the involvement of tax experts in the implementation process of recommendations issued on a voluntary basis;
  • A written report (conclusion) on the results of the tax audit;
  • Legal representation and full support in tax audits and tax disputes arising during the audit period by Loialté.

With the tax liability audit service, you will receive a tax audit report (with appropriate calculations), which, with reference to the norms of the legislation, will provide detailed information and recommendations on all tax/calculation discrepancies and expected sanctions.

At the same time, upon completion of the inspection, a physical/online meeting is held with the customer to review the results, where each issue is discussed in depth and in detail.

Loialté’s tax audit allows you to get a complete, objective and in-depth picture of your company’s tax situation. Our team thoroughly analyzes tax returns and assesses their accuracy, as well as accounting records and other tax-related documentation, which allows us to identify possible shortcomings, inaccuracies and opportunities to reduce the tax burden.

In addition, with our service you will be able to:

  • Correct tax returns on time and avoid possible sanctions and excessive taxes;
  • Minimizing tax risks and planning/implementing effective tax policies related to future transactions;
  • Save time and money, allowing you to use the freed up resources to develop your business;
  • See the weaknesses identified in business processes, which will allow you to work on correcting them and implementing internal control mechanisms.
  • Our auditors are seasoned professionals with years of experience working in both the private and public sectors, including the Revenue Service. They are constantly updated on changes in legislation and take into account the practical approaches of the tax authority, which ensures the accuracy and reliability of our conclusions.
  • Tax audit services are a very complex process and their cost depends on various factors, including the company’s turnover, the number of documents to be reviewed, and other specific needs, which determine the scope of work to be performed. We assess each case individually and offer transparent, fair pricing that reflects the quality and depth of the service and is competitive in the Georgian market;
  • Based on the client’s needs, the initial consultation is free of charge , so that we can correctly determine the requirements and offer you the optimal rate.
  • Loialté holds an ISO 9001:2015 certificate for tax audits, which confirms the high quality of our services and compliance with international standards;
  • Loialté’s professional liability is insured by a leading insurance company, and your data is protected under a strict confidentiality policy;
  • Loialté is the largest service provider company in the growth hub project of the agency “Produce in Georgia”, within the framework of which interested parties can benefit from 10,000 GEL co-financing in various areas, including tax services;
  • For detailed information about the project, visit the link .

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