Corporate Income Tax Certification (CIT) audits are conducted in the scope of Accounting & Financial Advisory and Certified Public Accountants law and the regulations set by Ministry of Finance.

With this service, certified public accountants conduct CIT audits by checking the account and financial statements and carry out tax related accuracy and compliance inspection processes. It is important to know that accounts and operations of companies that have CIT audits conducted are regarded as being inspected by government officials.

Also, with CIT audits and reports, certified public accountants offer assurance for government officials in terms of firms’ corporate tax declarations alignment with the legislation.

One of our main concerns is to identify possible tax-related risks before they occur and to eliminate such risks previous to audits implemented by the Ministry of Finance. Moreover, during our auditing process we target to identify tax-related advantageous conditions for companies and inform the executives about such advantages.

We provide following services in the scope of CIT certification:

• Conducting actual audits at client’s company during interim tax periods and at the end of the year (three or four times a year),
• Reporting the findings of audit to the company management,
• Calculation of the tax base to be included in the temporary tax and corporate tax declarations,
• Submitting the CIT certification report prepared to tax office,
• Providing tax consultancy service on certification related issues.