Recently, more updates on tax audits have emerged. How long can they last? What should businesses be cautious about during verification processes? Does a completed audit guarantee safety for the taxpayer? A recent article in Rzeczpospolita features commentary by Piotr Sekulski PhD, shedding light on these questions.
In the article, available here, you’ll find valuable insights on what to watch out for when facing tax audits.
tax advisor Piotr Sekulski, PhD
“For a few years now, it’s been noticeable that when tax authorities want to review the records of smaller businesses, they often conduct verification checks instead of initiating full audits. There are no set time limits for these checks (…) Tax audits offer more assurances as they conclude with a report, ensuring that a given period won’t be reviewed again. Verification checks, however, can be repeated indefinitely. (…)”
tax advisor Piotr Sekulski, PhD
“Typically, officials send an email requesting documentation such as invoices, contracts, transfers, or even the income and expense ledger. They might also request a statement confirming that business activities qualify for a tax relief, such as IP Box. The issue is that verification checks don’t conclude with any formal outcome, leaving the entrepreneur uncertain whether the tax office deems their records acceptable or plans further scrutiny. (…)”
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