Dear site visitors! The Tax code of the RoK has been supplemented by the new Article 37-2 “Specific issues related to the fulfillment of tax liabilities by certain categories of liquidated resident legal entities and individual entrepreneurs (IE) discontinuing their operations as a result of the auditor’s report on taxes” put into effect from January 1, 2015.

This Article regulates the procedure for liquidation of certain categories of resident legal entities and individual entrepreneurs of RoK, on the basis of the audit report. It defines specific issues related to the fulfillment of tax liabilities by the mentioned categories of entities being liquidated.

In particular, certain types of liquidated legal entities – RoK residents and IE shall discontinue their operations based on the results of a tax audit report, that is – having on hand a tax audit report issued by an auditing company not earlier than 20 calendar days before the date when a tax application for discontinuing operations is submitted to the tax authority.

In this case, if the tax audit report gives rise to any liabilities for the assessment and payment of taxes and other obligatory payments to the budget, assessment, withholding, transfer of mandatory pension contributions, mandatory occupational pension contributions, assessment and payment of social charges, such liabilities have to be fulfilled by the liquidated legal entity or IE discontinuing their operations within 10 calendar days from the day following the date when such taxpayer receives the tax audit report from the audit company.
The resident legal entity (in the case of making a decision to liquidate), IE (in the case of making a decision to discontinue operations) must simultaneously submit to the tax authority at the place of their location a tax audit report issued by an auditor organization (among other documents listed in paragraph 2 of Article 37-2 of the Tax Code).

In connection with the foregoing, MinTax Audit LLP is ready to provide services to RoK resident legal entities and IE which are going to be liquidated with the issue of appropriate auditors’ reports for submission to the tax authorities.

We are looking forward to cooperation!