Tax
Business tax, international tax, transfer pricing, litigation, indirect tax and cross-border human capital.
Business Tax Services
Indian tax landscape is a complex one, with special rules applying to different organizational structures and industries, and a host of nuances depending on the nature of business operations. Sound business decisions need to be supported by the right tax advice. Business owners have realized that progressive tax strategies and proper planning can moderate the tax incidence and provide the much-needed competitive edge over competitors. Our team draws on their diverse experience and knowledge to provide a seamless service from planning, complying and reporting. We can help you develop tax-efficient strategies and manage your tax exposures based on your specific business needs. Our services include:
- Entry strategy from a tax and regulatory perspective
- Choice of an appropriate form of entity for Indian business operations
- Choice of instruments for funding the Indian business operations
- Optimum use of corporate tax incentives in proposed business operations
- Tax-planning strategies for profit and dividend repatriation
- Identifying tax inefficiencies / leakages in day-to-day business operations and advising on mitigating options
- Help resolve uncertain tax positions
International Tax
With globalization and implementation of Base Erosion and Profit Shifting ('BEPS') action items, intra-group transactions, supply chains, structuring and tax planning are increasingly under the spotlight. More than ever, companies are looking to align their global tax position with their overall business strategy. Our services include:
- Assist in identification of jurisdiction which would best meet the tax and commercial objectives
- Appropriate capital structure addressing issues like ease of funding and tax optimization
- Business models that alleviate permanent establishment risks
- Ascertain the applicability and mitigation of withholding taxes on cross border payments e.g., interest, royalties, dividends, etc.
- Advice on double tax treaties and foreign tax system / implications
- Advice on tax efficient cash repatriation and foreign tax credit planning
Transfer Pricing
In a globalized environment and implementation of Base Erosion and Profit Shifting ('BEPS') action items, cross-border transactions are increasing in number and complexity, and transfer pricing outcomes need to be in-line with business value creation. Significant increase in transfer pricing disputes and a global focus on base erosion and profit shifting has ensured transfer pricing to be a focus area for tax authorities across the world. Our services include:
- Evaluation of alternative business structures from a transfer pricing planning perspective
- Develop transfer pricing documentation meeting the regulatory requirements
- Identification of possible risk areas and assistance in preparing a defense against possible future inquiries from revenue authorities
Litigation Support
Tax litigation in India requires a comprehensive approach involving people with sound understanding of law and tactful handling at appellate fora. Our services include:
- Reviewing pending litigation and other uncertain tax positions, to comment on adequacy of defense, probability of success and prevention of recurrence
- Drafting factual and legal submissions for appeals before the appellate authorities
- Effectively complying with appellate requirements and procedures
- Preparing the case and representing it before the appellate authorities
- Exploring and using avenues for alternative dispute resolution
Indirect Tax Services
Goods and Services Tax ('GST') has been introduced in India since July 2017. Introduction of GST is a significant milestone in reforming the indirect tax system in India. The law replaces and amalgamates a number of central and state levies into a single tax. Inspite of introduction of GST, a number of commodities continue to be outside the purview of GST and therefore taxable under the erstwhile regime of federal and/or state tax. Removing some of the anomalies and broad basing the tax continue to be a work in progress. Our services include:
- Advise on applicability of indirect tax on transactions, classification, valuation, place of supply, admissibility of input tax credit
- Structuring of contracts to optimise indirect tax incidence
- Assisting in filing returns with regulator
- Assist during tax audit by revenue authorities
Human Capital
Advent of technology and spawning of businesses over multiple geographies has necessitated cross border movement of personnel. Development, engagement and retention of manpower has become utmost important. In this regard, our services include:
- Formulate tax efficient employee compensation structure
- Evaluate Permanent Establishment (PE) risk due to movement of employees and devise structures to alleviate such risk
- Assist in computing the taxes to be withheld on payroll payments
- Assist in filing of tax returns