What is the difference between a desk audit and a field tax audit?
One is carried out in the tax office on the basis of documents, the other on the company's premises. How each works and how to prepare.
"The tax inspectors are coming" is a phrase that makes many entrepreneurs nervous. In fact, there are two types of tax audit, and they are very different from each other.
How does a desk audit work?
A desk audit (an in-office tax audit; in Uzbek, "kameral tekshiruv"): - The tax authority audits in its own office, on the basis of the returns you have filed - Returns are cross-checked against each other and against other data (for example, invoices and bank data) - If discrepancies are found, you are asked for an explanation or a corrected return - Nobody visits the company
How does a field tax audit work?
A field tax audit (an on-site audit; in Uzbek, "sayyor tekshiruv"): - Inspectors come to the company - Primary documents, the warehouse, the cash desk and contracts are examined on site - The result is documented in an audit report (statement)
How should you prepare?
- File your returns on time and make sure they are consistent with one another
- Make sure invoices match your accounting records
- Cash and bank balances should agree with the books
- Regularly obtain reconciliation statements from your counterparties
- Answer questions raised during a desk audit on time: this often prevents a field audit
Test yourself
5 questions on this topic: pick an option or reveal the answer.
In a pre-audit analysis, the tax authority found a discrepancy in the return of "Sayhun mebel" and sent a notice to its personal account to make a correction. Under the Tax Code, within what period from the day the notice is received must the company submit an amended return or an explanation of the discrepancy?
Unless the Tax Code provides otherwise, what is the limitation period within which the tax authority may carry out a tax audit or send a demand to pay off a tax debt?
What is the audit called that the tax authority carries out at its own office on the basis of filed returns?
An irremovable contradiction was found in a tax legislation act: one rule can be interpreted in the taxpayer's favour, the other against them. How is this resolved under the Tax Code?
Under the Tax Code, which of the following is not among the taxes listed in Article 17, but among the special tax regimes in Article 18?
Answered: 0 / 50 of 5 correct
All tests →See also
Sources
- Tax Code of the Republic of Uzbekistan · types and procedure of tax audits; check the time limits here