Today, on-site tax audits of individuals engaged in business activities are conducted in accordance with Law No. 131/2012 on State Oversight of Business Activities. This requires that a schedule of audits be made publicly available to business representatives.
“The draft tax policy indicates that the authors propose not to publish the schedule of comprehensive and thematic audits planned for the next tax year,” – says Svetlana Slobodianu, auditor, internationally certified practicing accountant, and Doctor of Economics. – However, this does not mean that such a schedule will not be drawn up and communicated to tax audit departments.
“The business community is categorically opposed to such a change. Many years of experience publishing tax audit schedules—including a list of companies that will be subject to comprehensive or thematic audits—have, to a large extent, instilled discipline in the business community,” the expert continues. – “Moreover, this provision entitles companies to conduct their own preliminary checks of their accounting and reporting, as well as to submit corrected reports.”
