Tax Audit and Certification

According to Law numbered 3568, Sworn Fiscal Advisors in Turkey certify the compliance of financial statements and tax returns prepared by individuals and entities, and the enterprises and establishments thereof, as per the provisions specified in the legislations, accounting principles and the accounting standards.


Tax certification system significantly decreases any erroneous practice that may surface during an inspection by the Ministry of Finance. Moreover, even though tax certification is not mandatory, companies that have their tax returns certified are considered as having been audited by the public authorities, and unless there is a serious claim for any form of wrong doing, their accounts are not audited by public authorities.

Additionally, documents to be certified by Sworn Fiscal Advisors, subjects of certification and the rules and principles applicable to certification are determined by the regulations issued by the Ministry of Finance, by taking into consideration the types of liabilities of the individuals or entities, fields of business and revenues, foreign currency generating transactions, types and amounts of investments and the offices to which these documents will be submitted. Eratalar offers high quality services within the following areas:
 
  • Tax audit of statutory records, documents, financial statements in accordance with the relevant provision of Turkish Tax Legislation
  • Identification of errors and missing information in accounting records and tax return preparation in the course of tax audit and providing suggestions for correct applications
  • Checking the compliance of tax returns
  • Preparation of Certification Report to be submitted to the Tax Authorities
  • Other certification services of Turkish Tax Legislation such as investment and/or research and development activities, incentives, tax exemptions, etc.
  • Certification of paid-in capital amount prior to capital increase and internal reserves which can be added onto the capital
  • Certification of VAT refund
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