Full Tax Certification
We certify the compliance of your corporate income tax return with the legislation under sworn-in CPA assurance, identifying risks during the year.
Full tax certification (tam tasdik) is the examination by a sworn-in certified public accountant of a company’s accounts and financial statements for accuracy and compliance from a tax perspective, and the certification of its corporate income tax return. The audits are carried out within the scope of Law No. 3568 on Certified Public Accountancy and Sworn-in Certified Public Accountancy and the communiqués issued by the Ministry of Finance.
Through the full certification report they issue, sworn-in certified public accountants give the state assurance that companies’ corporate income tax returns comply with the legislation. The accounts and transactions of companies that undergo full certification are deemed to have been examined by the tax administration.
In our full certification services we aim to identify probable tax risks in advance and to eliminate them before any audit takes place. During the audits we also identify situations in which the company could secure a tax advantage and bring these to management’s attention.
Scope of Our Service
- On-site audit work at the company's premises during advance tax periods and at year end (three or four times a year)
- Reporting of audit findings to company management
- Calculation of the tax base in advance tax and corporate income tax returns
- Issuing the full certification report and filing it with the tax office
- Continuous tax advisory on matters related to full certification
Frequently Asked Questions
Audit work is carried out three or four times during the year on the basis of the advance tax periods; the full certification report is issued at year end.
The engagement must be signed within the first months of the relevant accounting period and notified within the statutory deadline. Engagements not signed in time remove the possibility of certification for that period.
The principal benefits are that accounts and transactions are deemed examined, tax audit risk is reduced, VAT refunds can be obtained quickly and without collateral, and errors are identified early during the year.
It is not mandatory by law. However, since a sworn-in CPA report is required for VAT refunds above certain amounts and for some exemption applications, it is in practice necessary for many companies.
No. Full certification audits compliance with tax legislation and gives assurance to the tax administration; independent audit examines whether the financial statements comply with accounting standards and gives assurance to stakeholders. One does not replace the other.
The full certification report is submitted to the tax office. On request, a separate assessment report summarising the findings is also prepared for company management.