Bank transactions are one of the primary data sources used in tax audits. Every transaction should have a clear business justification.
Issues typically arise in cases of:
- unexplained inflows,
- mixing private and business funds,
- frequent cash withdrawals without documentation,
- transfers between related parties.
FURS has access to financial data and may request additional explanations.
If a company cannot justify the source or purpose of transactions, this may lead to:
- additional taxation,
- penalties,
- expanded audits.
➡️ Important: Every transaction should be traceable and explainable.
CTA:
👉 We can review your transactions and ensure compliance from a tax perspective.