Richard Cornelisse

Innovation and tax audits

In Audit Defense, Indirect Tax Strategic Plan, internal audit, Processes and Controls, SAF-T Poland, SAFT, tax transparency, Technology on 30/08/2016 at 11:16 pm

Tax authorities, due to technological innovations, have become increasingly better in executing their tax audit. The probability that the Tax Authorities will issue additional assessments and penalties in the near future because errors in indirect tax are detected, increases by the day.

The OECD has issued in May 2005 a guidance note on the development of Standard Audit File –Tax (SAF-T) and recommends the use of SAF-T as a means of exporting accurate tax accounting data to tax authorities in such way that can it can be analyzed easily.

Mandatory data filing gives food for thought.

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