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As a matter of business risk, all business entities have anticipate all potential risk that can affect their business activity such as foreign exchange risk, labor cost, raw material cost, etc. . But can they measure their tax risk or tax exposure that can raise from their business activities?

What’s more, the tax law can often be uncertain, both in content and in the law’s application to particular circumstances. The risk that the administration of tax may be more costly – or otherwise more burdensome – than foreseen. Tax risk may arise from existing tax laws and practice, or from changes in tax laws and practice. Business entities can set up their business effective and efficiently, but when they do not pay attention in tax matter, tax risk can sweep the effectiveness & efficient of the business itself by creating high cost.

Tax risk impacts on every aspect of the business either directly or indirectly. Transactional and operational decisions along with changes in the market and your business’ financial position can all affect its tax risk profile.Managing task risk involves far more than dealing with Tax Authority audits, it permeates all phases of the business’ decision making process and can affect its commercial success.

Taxbind is present here to help you to proactively identify and mitigate risks before they arise. Our team consist of experienced tax consultant who can assist you in developing a framework for managing tax risks across all business units and provide you with the tools to minimize these risks in line with tax regulation.

Thank You.

Regards,

 

I Ketut Suastika, S.E., Ak., M.M. CA.

Registered Tax Consultant

Partner of TaxBind