TAX ADVISORY SERVICES



Our specialist team stays abreast of developments on tax front, tax policies and key judicial pronouncements, thereby identifying threats and opportunities for providing innovative tax solutions to our clients. We are committed to giving you the quality, consistency and customization you need to support your tax function. Our team brings you deep technical insight combined with practical, commercial and industry experience to help you manage your direct and indirect tax compliance and reporting obligations effectively.

 

Our Tax services address the challenges thrown up by complex business environment in which the corporate operate. Our tax specialists have an appreciation for the importance of taxes in today's business environment and understand the challenges associated with tax compliance.

 

           

A.     Direct Tax

 


The Corporate Tax team provides advice and assistance across a spectrum of services relating to Tax Compliance, withholding Tax Advisory, Fringe Benefit Tax, Controversy Services and Tax Advisory & Planning. Our services encompass on-call assistance, point solutions for complex transactions or business arrangements, due-diligence support in business reorganizations and comprehensive assistance in addressing all Corporate Tax advisory and reporting needs on an ongoing basis.

 

Our service offerings:

 

a.       Business Tax Advisory and Compliance

b.       Identifying tax exposures and planning

c.       Documentation; preparation and review of tax returns

d.       Representation before Indian statutory and fiscal authorities; strategy and resolution; competent authority proceedings under tax treaties

e.       Inbound tax advisory

f.        Alignment of tax with business strategies

 


 

B.     Indirect Tax


 

Indirect taxes, ranging from VAT and customs duties to environmental levies, affect the financial system. These often invisible taxes can have significant impacts – on cash flow, absolute costs and risk exposures.

Our dedicated indirect tax professionals can provide seamless, consistent service and deal effectively with the complicated issues.

 

We provide you with effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and ensuring indirect taxes are handled correctly.

 

We can support full VAT compliance outsourcing, help identify the right partial exemption method and review accounting systems. Our customs and international trade team help you manage customs declarations, audit and review product classifications and evaluate import/export documentation. Our teams give you the perspective and support you need to manage indirect taxes effectively.

 

Our service offerings include:

 

·         Assistance on issues related to Customs duty and foreign trade policy:

o        Advisory and compliance services

o        Representation

o        Special Economic Zones

·         Service Tax

o        Advisory and compliance services

o        Cenvat credit review

o        Due Diligence

o        Representation

o        Service tax audit related assistance

 

·         VAT/Sales Tax

o        Financial impact assessment of VAT/sales tax on businesses

o        Identification of structures to optimize VAT/sales tax incidence

o        VAT audit related assistance

o        National VAT/sales tax administration

o        Representation

 

·         Cenvat (Excise duty)

o        Advice on classification, valuation, duty liability and the cross-credit scheme

o        Identification of planning opportunities to optimise duties

o        Representation

 

 

C.     International Taxation


 

a.       Compliance and Planning

 

Our network of international tax structuring professionals can help you construct effective cross-border strategies and manage your global structural tax rate. We will also keep you abreast of new developments in the international arena that affect your business.

 

We can help you construct effective cross-border strategies and manage your global structural tax rate. We will also keep you abreast of new developments in the international arena that affect your business. We can advise on:

 

o        The appropriate tax structures

o        Asset Protection, Family Wealth and Trust Planning

o        Expatriate Employees

o        Tax efficient Subsidiary operations

o        Funding and dividend repatriation

o        Cross-border financing and treasury solutions

o        Controlled foreign companies tax planning

o        Income tax treaties, profit repatriation, loss utilisation



 

b.      Transfer Pricing

 

A multinational’s ability to keep on low effective tax rates, domestically or across multiple jurisdictions can impact its market valuation. The way Transfer Price is imbibed in a transaction can be critical in determining the success of a business venture.

 

As more and more economies imbibe the concept of Transfer Pricing regulations, new rules, documentation standards and penalties are being legislated to enforce and administer the regulations. This impacts tax planning, compliance and reporting obligations of multinationals.

 

Our services include:

o        Conceptualising and implementing policies

o        Reviewing Transfer Pricing structures

o        Risk assessment and mitigation

o        Tax planning benchmarks

o        Cost sharing, licensing and intangibles

o        Documentary Compliances

o        Statutory certification

o        Audit representation before revenue authorities at assessment and appellate level

o        Dispute resolution



 

c.       International Tax and Dispute Resolution

 

Our services include:

 

·         Assisting clients with competent authority proceedings for resolution of international tax disputes to achieve a mutual agreement between the Contracting States to a treaty

·         Advice and assistance in seeking advance rulings from the Authority for Advance Rulings in India on complex international tax issues relating to cross-border transactions

 
     
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