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Case study
Complex corporate tax and accounting consulting
Tax and Accounting diagnoses when reorganization of the company takes place
Task - Solution - Result
TASK:
In 2020, the Client company, which had an unusual and special tax statute (representation of a foreign company in Republic of Moldova) being in the reorganization stage did approache Vioser Consulting with the request to perform a full tax and accounting verification.
As the reorganization procedure of an entity also involves auditing by the competent authorities, the Client requested an accounting and fiscal diagnoses which would include the verification of the tax issues in this representation. The decision was taken in this way because they were not sure about correctness and accuracy of the legal aspects, as it had a more special statute and was rarely encountered in real practice. The Client company did request advisory assistance on some specific tax issues, by asking an exact list of questions to be answered during the project.
SOLUTION:
Vioser Consulting performed a complex accounting and tax diagnoses for 3 fiscal periods, referring to the same issues. The estimated risk was considered to be a major one. All the deviations and shortcomings, the established deficiencies were indicated in the Diagnostic Report, in parallel being issued and remediatiated the recommendations. The risk profiles to which the Client was exposed in case of non-compliance with the legislation in force related to all types of verified taxes were estimated: income tax, social insurance contributions, compulsory health insurance, value added tax.
Vioser Consulting also added value to the Client by offering proposals to adjust the internal tax policy in order to optimize the corporate taxes .
RESULT:
VIOSER did identify the deviations in tax, accounting and labor fields and provided the recommendations to remediate them as soon as possible, including correction of the tax reports. Also, we identified and offered solutions for 14 situations – specific questions were addressed to us by the Client and we answered them with reference to the legislation and normative acts in force. In addition, the Client obtained an estimation of the risk of sanction value to which it could be exposed in case of detection of errors by the authorities.
The client’s approach to this project was professional, impartial and objective, and all statements, conclusions and recommendations were based on a correct and responsible interpretation of existing legislation, taking into account the extensive and multilateral experience of our experts in the field.
Vioser Consulting is a company that cares about its clients, aiming to establish long-term relationships and high customer satisfaction is one of our goals. During our experience, in more than 50 corporate projects, the client did receive the tax and accounting statute of their company based on a correct and equidistant vision from us, getting solutions to manage the situation in terms of taxes and always succeeding to avoid some risks both operational and sanctioned by the authorities. We are always with our clients, and they permanently can count on our support, expertise and professional advice.
