Effective, efficient ways of resolving tax row

Effective, efficient ways of resolving tax row
Tuesday February 23 2021
Resolving tax disputes can be an expensive and time-consuming process for taxpayers.
However, Alternative Dispute Resolution (ADR) offers a chance for a shorter and less costly resolution of disputes.
In ADR, negotiation is often overlooked because of its apparency.
Resolving tax disputes can be an expensive and time-consuming process for taxpayers. However, Alternative Dispute Resolution (ADR) offers a chance for a shorter and less costly resolution of disputes.
In ADR, negotiation is often overlooked because of its apparency. In negotiation, the parties work together to come to a compromise without the assistance of an impartial third party. On the other hand, the arbitration method is usually governed by the Arbitration Act and utilises the help of a neutral third party. As opposed to arbitration, mediation is an informal and non-adversarial process where an impartial mediator encourages and facilitates the resolution of a dispute between two or more parties.

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