Setting up a Tax Recording System

Setting up a tax recording system allows optimizing entity’s labor costs for tax recording, properly estimating tax base and reducing tax implications of compound transactions, operations, accounting and technical errors.

Setting up a tax recording system is applicable at any point of entity’s life time.

Setting up a tax recording system includes the following:

  • Development of effective principles and methods of tax recording in compliance with the specifics of business;
  • Development of recording policy for the purposes of tax;

Implementing and monitoring the system of tax recording at an entity.

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