Who Wins In A Tax Audit

1) Taxpayer should be able to handle and manage tax audits themselves. Taxpayers may consider engaging tax professionals who specialize in handling tax audits to assist on specific technical matters

2) Be ready to answer questions and provide the necessary information when requested by the IRB

3) Be polite and professional in dealing with the IRB officials

4) Do not underestimate the IRB officials as they are professionals with the relevant knowledge, training and experience

5) Finalise the tax audit within a short time and narrow down the list of issues to be dealt with to resolve the matter quickly

Tags: Taxation, Audit, IRB