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.
