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Taxation services
Tax representative for IRD investigation, objection, field audit handling
Tax investigation, Being investigated by IRD, reasons should be as follow:
- Tax return incorrectly or tax have not submitted
- Bad integration of accounting system, account information incomplete
- Suspect of missing tax return
- Business scale expands but mismatch the reporting
- Trading with the company(s) being investigated by IRD
- Industry to be focally investigated and indicated to be tax escaper
Taxation investigation can be in 2 forms, Office auditing and field auditing.When your company received notice from IRD, please keep calm. We highly suggested contacting us for the preliminary verification and understanding, in usual practice, there is a pattern to be followed, we must do the best to solve all your questions.
Objection for the assessment
When your company received "Notice of Assessment and Demand for Tax" (Bill of entry) and you disagree the taxation items, you must raise the objection by "Inland Revenue Ordinance" within one month of the date of issue of the bill. Otherwise, the tax listed in the bill may become the annual tax receivable, that is later when you reveal the tax can be objected before the objection period should not be levied, taxpayer still need to pay before the deadline for tax payment. Also, if taxpayer does not raise the objection, IRD reserves the right to request the assessment again.
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