Service: Tax Consulting and Regulatory Representation
Client Sector: Food
Challenge
A leading food company faced accumulated late payment penalties and a complex tax audit that had been ongoing for several years, resulting in increased tax liabilities and a higher level of systemic risk.
Our Role
The Thamer Al-Faleh Certified Public Accountants and Professional Consultants team managed the entire case, including:
Re-examining accounting books and records
Preparing and submitting corrective tax returns
Representing the client before the relevant authorities and following up on audit and settlement procedures
Methodology
We adopted a comprehensive approach to addressing the tax issue through a thorough review of financial statements, direct coordination with relevant authorities, and the application of applicable tax laws and regulations to ensure the situation was rectified without exposing the company to additional risks.
Result
The tax situation was fully resolved, with a significant portion of the outstanding penalties waived. Furthermore, a structured and sustainable tax framework was established, which helped prevent future violations and improved the company’s long-term tax compliance.
