How should I behave during a tax audit by the tax office?
March 19, 2022 | 40,00 EUR | answered by Chloé Schmitt
Dear corporate law attorney,
I have a question regarding an upcoming tax audit by the tax office and I hope that you can help me. My name is Babette Lange and I am the managing director of a medium-sized company. We have been steadily growing in recent years and have completed numerous transactions that now need to be accounted for correctly for tax purposes.
However, I am concerned about how to handle the upcoming tax audit. I want to ensure that everything is done correctly and that we do not make any mistakes that could lead to tax consequences. What documents do I need to prepare and which ones are relevant for the audit? How should I interact with the auditor and what information do I need to provide? Are there specific procedures I should follow to successfully pass the audit?
I seek your expertise and advice to best prepare for the tax audit. I want to ensure that we comply with all regulations and laws and do not take any tax risks. I would greatly appreciate specific recommendations and tips to help me navigate this situation confidently and effectively.
Thank you in advance for your support and guidance.
Sincerely,
Babette Lange
Dear Mrs. Lange,
Thank you for your inquiry regarding the upcoming tax audit by the tax office. It is understandable that you are concerned about the process and preparation and want to ensure that everything is handled correctly from a tax perspective. Below, I will provide you with some important points and recommendations for the tax audit.
First and foremost, it is important that you prepare all relevant documents and records for the tax audit. This includes the balance sheet, profit and loss statement, VAT returns, cash books, bank statements, contracts, invoices, receipts, and all relevant correspondences. It is advisable to keep these documents well organized and complete to provide the auditors with a quick and transparent insight into the business transactions.
During the tax audit, it is important to cooperate and be transparent with the auditors. Answer their questions honestly and accurately, without providing more information than requested. It is important not to make false statements or falsify or manipulate documents, as this can have serious consequences.
Furthermore, it is advisable to remain calm and professional during the tax audit. Take the time to thoroughly review all questions and think carefully before responding. If you are unsure or have questions, do not hesitate to ask for clarification.
It may also be helpful to seek advice from a tax advisor or lawyer before the tax audit. These experts can help you prepare optimally for the audit and minimize any tax risks.
In summary, it is important to thoroughly prepare for the tax audit, cooperate with the auditors, and act professionally during the audit process. Adhere to all regulations and laws and be honest and transparent in your communication with the auditors.
I hope that these tips and recommendations are helpful to you and wish you success in the upcoming tax audit.
Sincerely,
Chloé Schmitt
Corporate Law Attorney
