Handling tax audits requires not only technical competence on tax legislation but also a robust strategic approach. There are different ways in getting the tax audit case settled and they could provide different outcomes. Hence, it is critical to have knowledge of the common approaches in handling tax audits and the skills in negotiation with the Inland Revenue Department ("IRD") in order to manage the tax exposure and the penalty involved at a reasonably acceptable level.
The purpose of this seminar is to provide insights on the common approaches in handling tax audits including formulation of settlement basis and negotiation tactics with the IRD. The penalty provisions of the Inland Revenue Ordinance will also be explained. At the end, there is a case sharing section to pinpoint what has been explained during the seminar.
1. Common tax audit approaches
2. Formulation of settlement basis
3. Negotiation tactics
4. Penalty provision and consideration
5. Case sharing
First 15-20 minutes is for networking
Sandwiches and beverages included
Hosted by the Taxation Committee