Services

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CORPORATE INCOME TAX COMPLIANCE

      We can handle all Ethiopian corporate income tax compliance maters in a professional and reliable way. We can knob the preparation and filing of your company’s tax returns only or we can take care of the whole tax compliance process as an integrated part of company’s administration.

We offer a full corporate income tax compliance package, which includes:

  • Tax registration;
  • Obtaining Extension for filing ;
  • Review of financial statements and computation of annual corporate income tax accruals
  • Tax Accounting and Tax Reporting
  • Preparation and filing annual corporate income tax returns;
  • Checking Assessments;
  • Ongoing Correspondence with the tax office corporate tax compliance issues
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TRANSFER PRICING

       We offer essential services to multinational enterprises, ensuring compliance with international tax regulations and optimizing tax strategies. Our expertise encompasses:

  1. Transfer Pricing Documentation and Compliance: we assist you in preparing comprehensive transfer pricing documentation that analyzes the arm’s length nature of intercompany prices. This documentation is crucial for meeting home country and foreign tax authority requirements, thereby mitigating the risk of tax disputes and penalties.
  2. Development of Transfer Pricing Policies: we collaborate with businesses to establish transfer pricing policies that align with the arm’s length principle, ensuring that intercompany transactions are priced as if they were between unrelated parties. This approach helps prevent profit shifting to low-tax jurisdictions and supports fair tax practices. In addition to this by analyzing intercompany transactions, we identify potential tax risks and recommend strategies to mitigate them. This proactive approach helps companies avoid double taxation and reduces the likelihood of audits or disputes with tax authorities.
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TAX DUE DILIGENCE

    We play a key role in conducting tax due diligence, analyzing tax records, identifying potential risks, and providing recommendations to mitigate tax liabilities.  In this case we can assist you in conducting Independent Due diligence in the context mergers, acquisitions, investments, and corporate restructuring. This report helps buyers, investors, and stakeholders assess the tax risks, liabilities, and compliance status of a target company before finalizing a deal. With the process we can cover varies fields of Taxation, including corporate tax, VAT, import duties and payroll taxes.

TAX RISK MANAGEMENT, TAX OPINIONS, AND TAX RULINGS

We play a vital role in assessing, managing, and mitigating tax risks for individuals and businesses. We also provide expert tax opinions and assist in obtaining tax rulings from tax authorities. Below is a detailed breakdown of these key services:

1. Tax Risk Management

Tax risk management involves identifying, assessing, and mitigating tax-related risks that could lead to penalties, financial losses, or legal disputes. We can help in:

Identifying Tax Risks:

  • Reviews financial transactions to spot potential tax compliance risks.
  • Ensures businesses follow local, national, and international tax laws.

Developing Risk Mitigation Strategies:

  • Implements internal tax policies and controls to prevent errors.

Ensures timely filing of tax returns and proper tax documentation.

Tax Risk Advisory for Mergers & Acquisitions:

  • Assesses the tax liabilities of companies involved in mergers, acquisitions, or joint ventures.

Identifies potential tax risks in cross-border transactions.

Tax Dispute Avoidance & Resolution:

  • Advises on how to handle tax audits and investigations.
  • Negotiates settlements and penalty reductions with tax authorities.

2. Tax Opinions

We provide a professional assessment regarding the tax implications of a specific transaction or situation. Businesses and individuals seek tax opinions to ensure compliance and avoid legal consequences. We can assist you on

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Providing Expert Legal Interpretations:

  • Analyzes tax laws and regulations to give a professional opinion on tax-related matters.
  • Helps businesses understand whether a financial transaction is legally compliant.
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Advising on Tax Planning Strategies:

  • Evaluates tax-saving opportunities and potential risks of tax avoidance penalties.
  • Ensures clients follow ethical and legal tax strategies.

Support for Legal & Compliance Purposes:

  • Tax opinions can be used as evidence in tax disputes or audits.
  • Helps businesses justify tax positions in case of an investigation by tax authorities.

3. Tax Rulings

We provide an official decision or interpretation issued by a tax authority upon request. We assist you in obtaining these rulings to provide certainty on tax treatment before engaging in specific transactions.

Preparing & Submitting Tax Ruling Requests:

  • Drafts formal requests to tax authorities for advance rulings.
  • Provides legal and financial justifications for the requested tax treatment.
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Negotiating with Tax Authorities:

  • Represents clients during discussions with tax authorities.
  • Ensures the ruling aligns with favorable tax treatment.

Ensuring Compliance with Rulings:

  • Once a ruling is obtained, we ensure compliance with the decision.
  • Helps businesses update financial reporting based on the ruling’s outcome.

REPRESENTATION IN TAX AUDITS, TAX LITIGATION AND TAX MEDIATION

  • We can represent you towards the tax authorities in the context of a tax audit, tax litigation or mediation. Our Knowledge of tax laws and our Years of Experience with dealing with the tax office helps us to maintain good relationship with the tax authority and to avoid unnecessary conflicts and court Procedures. If however we have to go to court, we will not hesitate and do so in a professional and reliable way, with a 100% dedication to the best end result for you as our client.

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