Frequently Asked Questions
The time can vary from company to company, but basically, after receiving thedocumentation, our team will inform you within 48 hours if any documentsneed to be adjusted or if they are in compliance to proceed. If any documentadjustments are required, our team will provide detailed information on whatneeds to be done and offer assistance whenever necessary. Once all thedocuments are in order, on the same day, our team will prepare the requestand initiate the process with the Federal Revenue Service. The tax authorityhas a legal deadline of 10 consecutive days to provide their opinion.
The requested documents will be those listed in COANA Ordinance 72/2020,
but not all of them are necessary. Our team will analyze your company and
provide a personalized checklist indicating the required documents, as well asdetailed instructions on how they should be prepared for acceptance by theFederal Revenue Service. Essentially, you will need to provide proof of theregular establishment of the company (partners’ documents, articles of
association, etc.), demonstrate operational capacity (rental agreements,
warehousing, etc.), and show financial capability (bank statements, financial
statements, etc.).
Don’t worry, if you don’t have any documents, we are available to coordinatewith your employees, accountants, lawyers, real estate agents, or anyonenecessary to assist and guide you in ensuring that the documents comply withthe standards accepted by the Federal Revenue Service.
So far, we have been successful in approximately 90% of our clients’ initial requests. If, bychance, the tax authorities request new documents or reject the request withrequirements to be fulfilled, we will analyze the situation and assist the company inobtaining the documents requested by the tax authorities. We will then present them inthe process to have the request approved. It is worth noting that all processes in whichwe needed to resubmit any documentation or fulfill any requirements from the taxauthorities were approved!