The permanent tax audit is constituted in the analysis and revision of the procedures of an organization or taxpayer, aiming to identify if the referred obligations (both main – payment of due taxes, and secondary – statements and declarations to the tax authorities), are being fulfilled properly, in the terms of the governing legislation.
Such activity includes the analysis of the efficiency and effectiveness of the procedures adopted for the calculation, control and payment of taxes that affect the commercial, industrial and operational activities of the institutions and the assessment of tax planning.
Simply and directly, it can be said that the permanent tax audit will provide entrepreneurs and directors with an opinion and a position on the practices adopted by the company, thus assessing whether the procedures and controls adopted for the operation (payment and recovery of taxes/contributions and any other tax burden that affects the company’s operations), are correct or not.
