Tax law
The significant part of the companies in RA often pay less attention to the formation of calculations /reports stipulated by the tax legislation and very often the responsibility of preparing these documents is mainly put on the company’s chief accountant. At the same time, as the work of accountant is time-consuming and as the tax legislation is being amended frequently, chief accountants are not always able to be aware of recent amendments, and new provisions, recent practice, instructions clarifying the legislation and official explanations of tax legislation.
On the other hand, most foreign companies, as well as a number of major Armenian companies, wishing to minimize the financial / tax risks separate financial and tax accounting functions, hire specialists and / or involve external consultants for tax calculation and tax planning purposes, which provides the latters a significant competitive advantage and guarantees their sustainable development.
Due to the trickiness of provisions stipulated by tax legislation, in many cases each person (including company accountants, as well as some tax inspectors) interprets those provisions in different ways without being well informed of the latest tax practice. As a result of this issue the accountants sometimes select a wrong or “safer” approach which leads to “increase of taxes and tax obligations”. As a result of non-complete knowledge of and of non compliant interpretation of tax legislation, companies can often carry large financial losses in the form of both possible penalties and “extra paid in amounts”.
At the same time, the sufficient knowledge of the professionals in the field of tax law in some cases does not guarantee absence of mistakes either, due to technical reasons or human factor. Another person can disclose such mistakes through a tax audit, and the latter can significantly reduce the presence of such errors.
Concern –Dialog CJSC offers the following services in the field of tax law:
- Consultation on general issues of tax law and accounting
- Consultation on preparation of tax reports and other issues related to it.
- Tax audit and tax risks identification of reporting periods
- Consultation on tax refund issues (including VAT refund), assistance in preparing all the necessary documents for that purpose, representation in the process of refunding, as well as full legal support in the tax return process.
- Accompaniment of legal transactions taking into account the requirements of tax legislation (directed to the optimization of tax obligations)
- Preparation of contracts and legal accounting documents for the aim of ensuring the requirements of the tax legislation (drafting or consultation connected with adoption process);
- Participation (presence) during tax inspections carried out by tax authorities and protection of rights and legal interests of the company and the Management / chief accountants;
- Representation in administrative process / appeal of administrative acts to the superior (presenting the company's interests, forming complaints or consultation about appealing process)
- Judicial representation / Litigation on tax issues
