Tax And Accounting Review

Corality can facilitate Tax and Accounting review of your financial model for any transaction structure.

Through our relationships with global tax and accounting firms we can make the complete financial model due diligence an efficient process. Our relationships have been built over many years to ensure that you get a tax and accounting report of the highest quality and a ‘fair deal’ in all parts of the world.

Model Audit - Tax and Accounting review

• Enterprise Level taxes and income recognition
• Timing, TOFA, Div 243, Div 247, ITAA 1997, Div 6B and 6C
• Capital Duty, Stamp Duty, other indirect taxes that affect the financing structure
• Depreciation - Book vs. tax differences
• Capital allowances, Div 16D
• Leverage modelling – deductibility of financing costs, TOFA
• Debt vs Equity rules, thin capitalization, Pre-payment rules
• Available fraction of carry forward Tax Losses
• Continuity of Ownership Test (“COT”) and Same Business Test
• Confirmation of Corporate Tax Rate
• GST/VAT/Sales Tax, Customs Duty, PRRT
• Capital gains tax
• Withholding taxes on interest, dividends and royalties
• Franking credits, foreign tax credits/offsets