According to the features of the business intended to be undertaken, effective tax regulations provide for several requirements that must be complied with.  The main one is to justify that every cost and expense incurred during operation are strictly essential to generate income.

 

 

In addition, during the business planning phase in order to exercise a rigorous control and management of resources, a need to establish and record both basic and extraordinary transactions which enable reduction of administrative, financial and tax costs has to be considered.

Based on the above, we can provide you with support to define your business structure from an accounting and fiscal perspective, including:

 

1. Design of your chart of accounts and accounting reports for tax purposes.

2. Selection and assumption of controls regarding foreign exchange valuation and recording of activities subject to the value added tax payment.

3. Advisory on inventory control set up for tax purposes and compliance with foreign trade regulations.

4. Support to establish policies for fixed assets recording and segregation of items to be considered as an expense incurred in the year, such as maintenance.

5. Design of reports to reflect operation results by activity area.

6. Support for designing acknowledgement policies for employee, official and stockholder’s benefits, and recording of future benefits.

7. Advisory on investment classification which can result in tax incentives.

8. Advisory on the executive and employee’s compensation method selection.

9. Advisory on preparation of agreements and contracts to support operation between the involved companies.