Indirect tax audits by tax authorities can be time consuming and expensive for companies, yet they often overlook the opportunity to actually prepare for upcoming audits. Businesses can take steps ahead of time to help alleviate some uncertainty around audits and can take other steps during an audit to help with the final outcome, explains John Bain of KPMG.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand compliance obligations, withholding risks, and treaty relief to avoid costly surprises
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR
The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations