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    Tax Audit

    Uploaded by

    Arifin Fu
    Tax audits involve collecting and evaluating evidence to determine if a taxpayer has complied with tax laws and requirements. They are a type of compliance audit. A tax audit is conducted by tax officers and involves assessing tax compliance and enforcing tax laws. There are different tax assessment systems that determine how tax liability is calculated, such as self-assessment where taxpayers calculate and pay their own taxes, which leads to tax audits being conducted to ensure accurate reporting.

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    Tax Audit

    Uploaded by

    Arifin Fu
    141 views16 pages
    Tax audits involve collecting and evaluating evidence to determine if a taxpayer has complied with tax laws and requirements. They are a type of compliance audit. A tax audit is conducted by tax officers and involves assessing tax compliance and enforcing tax laws. There are different tax assessment systems that determine how tax liability is calculated, such as self-assessment where taxpayers calculate and pay their own taxes, which leads to tax audits being conducted to ensure accurate reporting.

    Original Description:

    Tax Audit for assessing compliance

    Original Title

    Tax audit

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    Tax audits involve collecting and evaluating evidence to determine if a taxpayer has complied with tax laws and requirements. They are a type of compliance audit. A tax audit is conducted by tax officers and involves assessing tax compliance and enforcing tax laws. There are different tax assessment systems that determine how tax liability is calculated, such as self-assessment where taxpayers calculate and pay their own taxes, which leads to tax audits being conducted to ensure accurate reporting.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    141 views16 pages

    Tax Audit

    Uploaded by

    Arifin Fu
    Tax audits involve collecting and evaluating evidence to determine if a taxpayer has complied with tax laws and requirements. They are a type of compliance audit. A tax audit is conducted by tax officers and involves assessing tax compliance and enforcing tax laws. There are different tax assessment systems that determine how tax liability is calculated, such as self-assessment where taxpayers calculate and pay their own taxes, which leads to tax audits being conducted to ensure accurate reporting.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 16
    At a glance
    Powered by AI
    The key takeaways are that the document discusses tax audits, including definitions, types of audits and tax assessment systems.

    The different types of auditing mentioned are operational audit, compliance audit, and financial statement audit.

    The different tax assessment systems discussed are official assessment system, semi self assessment system, withholding system, and self assessment system.

    Tax Audit

    Introduction to Tax Audit

    1
    Definition of Auditing
    Auditing is the accumulation and evaluation
    of evidence about information to determine
    and report on the degree of
    correspondence between the information
    and established criteria.
    (Arens, Elder & Beasley, 2012)

    2
    Definition of Auditing
    Auditing should be done by competent and
    independent person.
    (Arens, Elder & Beasley, 2012)

    3
    Types of Auditing
    1. Operational Audit
    2. Compliance Audit
    3. Financial Statement Audit
    (Arens, Elder & Beasley, 2012)

    4
    Tax Audit
    One of the example of Compliance Audit is
    the audit conducted by the tax officer for
    determining whether an individual/ body
    has fulfilled the tax requirements or not.
    This audit is usually recognized as TAX
    AUDIT.

    5
    Definition of Tax Audit
    According to General Provision and
    Taxation Procedures:
    Tax audit is a series of activities to collect
    and process data, information and or
    evidence conducted in an objective and
    professional manner based on an auditing
    standard in order to assess tax
    compliance and other objectives for the
    enforcement of provisions of the tax laws.
    6
    Example: Audit of Tax Return

    7
    The Concept of Tax Audit

    8
    Tax Assessment System and
    Tax Audit
    There are four types of tax assessment
    system:
    Official Assessment System
    which gives an authority to the tax
    collector for determining the amount of
    tax payable that a tax payer has to pay for.

    9
    Tax Assessment System and
    Tax Audit
    Semi Self Assessment System
    which gives authorities to the tax
    collector and tax payer for determining
    the amount of tax payable.

    10
    Tax Assessment System and
    Tax Audit
    Withholding System
    which gives an authority to the third
    party (neither tax collector nor tax payer)
    for determining the amount of tax payable.

    11
    Tax Assessment System and
    Tax Audit
    Self Assessment System
    which gives a full authority to the tax
    payer to determine, calculate, and pay the
    tax payable himself.

    12
    Tax Assessment System and
    Tax Audit
    Centre for Tax Policy and Administration
    Organization for Economic Cooperation
    and Development (OECD) defines Self
    Assessment System as below:

    13
    Tax Assessment System and
    Tax Audit
    System under which the taxpayer is
    required to declare the basis of his
    assessment (e.g. taxable income), to
    submit a calculation of the tax due and
    usually, to accompany his calculation with
    the payment of the amount he regards as
    due.

    14
    Tax Assessment System and
    Tax Audit
    The role of tax authorities is to check
    (perhaps in random cases) that the
    taxpayer has correctly disclosed his
    income.

    15
    Tax Assessment System and
    Tax Audit
    Therefore, it can be concluded that tax audit
    is happened as the consequences of Self
    Assessment System and Withholding
    System.

    16

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