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⍰ ASK How does a Public Limited Company ensure compliance with tax regulations?

A PLC ensures tax compliance by appointing tax experts to track changing laws, reviewing finances regularly and maintaining precise records.

Robust accounting systems help with accurate tax returns and transparency during audits. The company collaborates with tax authorities, responds to inquiries promptly and offers requested documents.

Regular employee training promotes tax awareness. External audit firms ensure regulatory alignment and comprehensive internal controls prevent reporting error
 

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