Due Diligence in VAT

Opis

The obligation to exercise due diligence in VAT compliance is becoming increasingly important for businesses. Tax authorities expect companies to conduct thorough checks when working with contractors to avoid involvement in VAT fraud schemes. Failure to take appropriate measures can lead to negative tax consequences, including the denial of the right to deduct VAT. Our accounting office provides support in ensuring due diligence, minimizing tax risks, and ensuring compliance with regulations.

Why is VAT due diligence important?

Verifying contractors and transactions for due diligence helps prevent cooperation with unreliable partners who may be involved in tax fraud. This safeguards a company’s interests and ensures that it will not be held responsible for the dishonest actions of others. Exercising due diligence is also evidence of good business practices and a professional approach to tax matters.

Our services include:

• Contractor verification – analysis of business partners for tax risk, verification of their VAT status, and business history,
• Due diligence consulting – development of guidelines and procedures for companies to ensure compliance with VAT due diligence,
• Internal transaction audit – review of documentation and transactions to identify potential risks related to VAT irregularities,
• Employee training – educating teams on contractor verification and identifying high-risk transactions.

Benefits of maintaining VAT due diligence:

• Reduction of tax risk and minimization of liability for VAT,
• Retention of the right to deduct VAT,
• Building credibility and professionalism in the eyes of business partners and regulatory authorities,
• Protection against financial and legal consequences related to fraudulent transactions.

Contact us to learn how we can help your company comply with VAT due diligence requirements. With our support, you can ensure that your business operates in accordance with current regulations and protect your interests from tax risks.