GENERAL INQUIRIES
We respond to all types of verbal and written inquiries relating to national, regional and municipal taxation including attendance at meetings and before committees when required.
DIAGNOSIS OF TAX SITUATION
This includes the analysis and verification of the current tax status of a client company, determining whether the company is in compliance with the applicable laws and regulations and/or identifying issues and risks where corrective action is appropriate.
REVIEW OF TAX RETURNS
Review and support in the preparation of tax returns and related working papers, confirmation as to the accuracy and appropriateness of corporate financial statements and related information, confirmation that client accounting is in conformity with the applicable generally accepted accounting standards and that the appropriate tax declarations have been made to the relevant tax authorities.
TAX LITIGATION AND DISPUTE RESOLUTION
The advisors of the firm have extensive experience in matters related to taxation disputes. In addition, we have a strong understanding of government tax policies, procedures, objectives and regulations. In addition to resolving disputes as they arise, this experience enables us to provide proactive advice, assistance and legal representation from the beginning of any interaction with the taxation authorities with a view to minimising risks of disputes arising, coordinating the preparation and presentation of forms and documentation, maintaining compliance with legal and procedural tax obligations and providing timely and effective advocacy to resolve disputes in an efficient and cost effective manner.
Specific taxation services include:
- Assistance in tax or accounting inspections and/or audits by the DIAN (Colombian government tax agency).
- Responding to objections.
- Responding with revisions or amendments to declarations.
- Responding to typical and/or unique issues and requirements.
- Defense of the company by government channels to resolve disputes.
TAX RETURNS AND TAX REFUNDS.
To enhance corporate cash flow for our clients, we can support the prompt application for tax refunds and/or compensation where excess tax payments have been made to the local tax authorities.
In this regard, our service consists of four stages:
- Audit on refund/compensation statements
- Preparation and submission of request for refund and/or compensation
- Advice in advance of meetings with the local tax authorities regarding refunds or compensation claims
- Advice and follow up after meetings with the local tax authorities regarding refunds or compensation claims
TAX PLANNING.
Tax planning is an analytical process which seeks to ensure that each client company’s level of taxation is optimised in accordance with that client’s particular circumstances. Tax Planning essentially targets the legitimate minimisation of taxes through careful evaluation of each separate form of tax levied upon investors and taxable entities.
Tax Planning has the following fundamental objectives:
- To plan in order to minimise the level of taxes to be paid
- To utilise the tax planning opportunities and benefits enshrined in law
- To comply, in a timely manner, with all tax obligations
- To interpret and properly apply the tax rules and procedures applicable to the client company
