VISIT OF A TAX INSPECTOR

For companies and sole traders, the word inspection is always a sensitive topic, as we know that a visit from a tax inspector leads to the discovery of errors, which consequently bring additional financial costs and potential penalties. An inspection review also takes up a great deal of our time. Through the research part, she found that caterers use computer programmes that enable the manipulation of daily turnover. In most of the cases described in the diploma thesis, however, errors occurred due to non-compliance with the VAT Act and the Corporate Income Tax Act.

Problem

For companies and sole traders, the word inspection is always a sensitive topic, as we know that a visit from a tax inspector leads to the discovery of errors, which consequently bring additional financial costs and potential penalties. An inspection review also takes up a great deal of our time. Errors in business operations occur due to insufficient knowledge and compliance with tax laws, negligence, practice and, last but not least, deliberate evasion, as taxpayers use ** illegal computer programmes** in their business operations. She focused on practical cases and showed from them what the most common errors are that companies or sole traders make.

Results

Through the research part, she found that caterers use computer programmes that enable the manipulation of daily turnover. In most of the cases described in the diploma thesis, however, errors occurred due to non-compliance with the VAT Act and the Corporate Income Tax Act. Due to these errors, companies pay higher taxes and contributions, default interest on taxes and contributions, and penalties.

Quality business management, compliance with tax laws and timely calculation of taxes and contributions help us to avoid financial costs.