TAX RISK MANAGEMENT

Today’s business and tax environment is more complex than ever. Tax laws change every financial year, URA’s audit capacity keeps growing, and authorities expect more transparency from taxpayers. At the same time, experienced tax professionals are hard to find and expensive to keep in-house. Destiny Consultants helps businesses manage this risk before it turns into an assessment.

What we do

  • Identify and rank risks. We review your operations, transactions and tax positions to find where you are exposed, then rank the risks by likely cost.
  • Design and monitor controls. We help you put in place the processes and checks that keep those risks under control, and we review them regularly.
  • Seek rulings and interpretations. Where the tax treatment of a transaction is uncertain, we apply to URA for a ruling. This protects you from a later challenge.
  • Handle disputes. When URA questions your tax position, we prepare your case and represent you in discussions, objections and reconciliation meetings.
  • Reconcile your tax account. We review your tax ledger against URA’s records to find overpaid tax, unclaimed credits and refunds due to you.
  • Use reliefs legally available to you. We identify exemptions, deductions and incentives that can lawfully reduce your future tax.

The result: fewer surprises, lower penalties and interest, and a tax function your board can rely on.