In a world of growing tax changes and complexity, the risk of overpaying taxes is increasing, tax returns are often poorly prepared and completed, tax exemptions and opportunities are missed while making transactions.

The proper suggestions provided in accordance with the tax legislation are necessary in order to identify tax risks as well as the potential for tax optimization at an early stage and to address them through planning. For handling this you need a qualified tax advisor and auditor whom you trust and someone who understands you and your business.

Doing business abroad involves plenty of tax opportunities and, at the same time, potential risks. Nexia TA global access provides you with cross-border consultations for each country and area   ensuring a comprehensive answer to any question and, ultimately, enjoy maximum economic gain on local or international markets.

Nexia TA offers a wide range of services of tax compliance, tax planning and tax consultations. 

Nexia TA professional liability is insured within GEL 20 million.

Tax Audit Service aims at conducting a tax audit for the previous reporting period to identify tax risks and  provide recommendations to the client for minimizing them.  

Tax risks are procedurally identified on the basis of examination, processing, analysis of the declared information provided by the client and comparison of the primary accounting documents and   contracts with the accounting data. A tax audit report is prepared after the development of the interim conclusion and the discussion of the relevant recommendations with the client.

The high quality of service, provided by Nexia TA is ensured by the specialized knowledge and high competence of the team at the global or local level, as well as the  many years of experience, accumulated in the field of taxation.

Tax consulting implies checking the accuracy of monthly returns, verbal, as well as written consultations; also meetings on problematic issues and, if necessary, identification of ways to address respective problems (only issues related to tax-legal aspects)  and assistance in resolving them.   

• Tax advisory service- comprehensive consulting of a client company’s accountant by telephone and in an electronic form.
• Checking accuracy of monthly tax returns;
• Visits to a company on a monthly basis for getting acquainted with potential tax risks on the site;
• Provision of information and consultancy in case of a tax audit;
• Processing specific tax cases and preparing a written opinion based on the relevant norms of the law;
• Tax analysis of contracts to be concluded (concluded) by the company and provision of recommendations;
• Preparation of comments on tax-related questions, tax planning and preparation of annual review.

Support / advocacy in tax disputes envisages  protection of the client’s interests by a consultant in all instances in the Ministry of Finance on the basis of the Tax Code and other legislative acts of Georgia and execution of legal representation in connection with the amounts accrued to  the client on the basis of the tax audit report by the Revenue Service.

Legal representation in tax disputes implies filing a complaint and appealing against an act, issued by the Revenue Service,   participating in litigation, submitting evidence, participating in its examination, providing written and / or oral explanations and conclusions, as well as implementing other actions, envisaged by legislation, necessary for protecting lawful interests and rights of a client

  Nexia TA will bear responsibility over the rendered service under the following conditions:

• If the tax dispute has occurred after consultation provided by Nexia TA and its advisory service is disputable, then the firm is fully involved in the dispute (regardless of the disputable amount), without any additional compensation (you only pay court fees if necessary).
• According to the compensation, Nexia TA is involved in a dispute over about GEL 5000 disputable amount.  If the disputed amount exceeds GEL 5,000, then the amount of additional services is determined as follows: fixed GEL 2000 (without VAT) and 5% of the amount withdrawn in your favour (without VAT). If the amount in dispute is particularly large, it is possible to negotiate a specific issue.

Nexia TA’s internationally competent team will securely protect your interests before the relevant tax authorities.

Nexia TA offers tax support to the client during the tax audit process, which includes making relevant recommendations to the client during the audit, liaising with the tax authority (auditor), providing relevant documentation to the auditor based on the information provided by the client, and providing oral and / or written explanations.

During the process of tax audit service provision the following steps are undertaken:

• Study the declared information before commencement of tax audit process, checking it and providing recommendations to the client on the submission of a relevant documentation;
• Liaise with the Revenue Service on the basis of power of attorney;
• Monitor the audit process;

Transfer pricing implies the assessment of internal group translations taking place between a local firm and other related party, being abroad. The objects of the analysis are: agreement provisions, prices of goods and services (Including financial transactions, transaction-related documentation, advance pricing arrangements concluded with Georgian and foreign tax administrations).

Basic services:

• Analysis and assessment of current transfer pricing policy;
• Design and launch new transfer pricing policy;
• Benchmark analysis (goods, services, financial transactions, intangible assets) including application of commercial databases;
• Preparation of transfer pricing documentation (Masterfile, Country File, Country by Country Reporting)
• Preparation of documentation on internal group transactions;
• Support during tax audits, involvement in tax disputes;
• Support in the process of Advance Pricing Arrangement (APA).