Tax Dispute Resolution & Controversy
The changing global economic environment and its impact on profits are increasing the tax pressure on companies. These are bringing in increasing connections between managing business and its profits and effective tax rate. A company’s taxation affairs are now attracting more attention than ever, not only by its management but also by other stakeholders such as shareholders, tax authorities and regulators, the media and other industry observers etc.
Tax authorities in Vietnam are under increasing pressures to generate tax revenue through increases in tax audit and inspection activities across the country and economic sectors, and all types of taxes. These are resulting in more frequent tax audits and investigations, excessive tax adjustments, and increased potential for penalties. It is therefore important to approach tax issues proactively and be ready for a tax audit or investigation.
An appropriate response strategy is critical for any tax audit and inspection. The lack of an effective strategy for tackling potential tax disputes can lead to uncertainties, inefficiencies and lost opportunities. When your business is under the tax authorities’ radar, will you be ready to tackle a tax dispute effectively to achieve its best possible outcome?
We have the right expertise and experience to help you manage and take control of your tax disputes and controversy effectively. We can help companies to prepare for, and respond to, and defend against, challenges by the tax authorities. Our tax professionals are experienced in all phases of the tax dispute process from pre-transaction analysis, implementation and documentation, to handling disputes. We can help you mitigate the risk of a challenge by the tax authorities and to proactively resolve issues that may ultimately become the subject of a tax dispute or controversy.
We can work with the tax authorities on your behalf to articulate your specific tax issues and positions, clarify your commercial objectives, and achieve a positive outcome. We focus on proactive self-assessment and transparency to help you file returns properly and consistently, prepare the relevant back-up documentation to defend your tax positions, and proactively address the inherent tax uncertainties to achieve the best possible outcome. We help you tackle complexities with integrity.
By leveraging our in-depth technical expertise, excellent working relationships with tax authorities, and extensive practical experience of how they work, we anticipate their focuses and behaviours to help proactively prevent and resolve complex tax issues. However, when those issues escalate to a dispute or controversy, we can also help you manage it effectively and efficiently. It is how we make a difference.