You must pay taxes. But there’s no law that says you gotta leave a tip
Over the years, the phase of taxation has changed dramatically both for country tax as well as Cross Border Tax. With all these changes, there is a posing challenge to all the companies to maintain their growth while ensuring compliance at the same time. Our services are designed to assist our clients to overcome these challenges and also use them to their advantage.
In these times where there is continuous transition in taxation structures across the globe, it is highly important to first assess their economic impact on the organization. Our services enable them to navigate through these changes to maintain the company’s progress while ensuring the highest levels of compliance.
- Country Tax
- Cross Border Tax
- Private Client Services
- Tax Performance Advisory
- Transaction Tax
- Indirect Taxes
- Transfer Pricing
Our team at KVA, through our relentless efforts, focus on figuring out the best possible tax structure for our clients keeping in mind the entity’s business strategies and also support them in maintaining a healthy relationship with the tax authorities. In this process, sustainability is considered the primary criteria while designing the tax structures.
We provide the following services relating to country tax advisory:
- • Identification of tax benefits and planning around the same
- • Review of filings and other statutory tax obligations
- • Streamlining tax structure with business strategies
- • Tax accounting under IGAAP, USGAAP and IFRS
- • Identification and remediation of Tax risks
Today, when the prime intent of all flourishing domestic companies is to expand overseas, cross border taxation is looming as a major challenge due to the complexity and high levels of compliance. We at KVA, with our team of highly experienced tax practitioners provide strategical and event specific advisory which enable our clients to work around these challenges.
We provide the following services relating to cross border taxation:
• Inbound Taxation – KVA specializes in tax advisory services to Non-Indian entities relating to taxation regimes in India. We provide the following services relating to Inbound tax advisory:
o Transfer Pricing
o Withholding Taxes
o Branch Profit & Interest Taxes
o Dual Taxation Avoidance Agreements (DTAA) and other income tax treaties
o Tax effects on cross border treasury and finance
o Evaluation and repercussions of an entity acting as a permanent establishment
• Outbound Taxation – Complexity does not ward off our conviction towards achieving a goal. Every single member of our team lives by this code. No matter how the circumstances of the case are, we can scout you a route ahead to growth. We provide the following services relating to Outbound Tax advisory:
o Transfer Pricing
o Withholding Taxes
o Foreign Tax credit and its limitations
o DTAA and other income tax treaties
In this age where startups and other ventures are claiming a major chunk of the market share, compliance for these entities is a challenge due to lack of prior experience in these areas. Our private client services offer personal, compliance and business tax planning services to owners, families, family businesses, private equity and asset management stakeholders as well as high net worth individuals.
Through these services we ensure that the in house management can focus on the core business while we ensure compliance on their behalf.
Our Tax Performance Advisory practice can help your tax function meet today’s complex regulatory, technological and globalization challenges by maximizing the effectiveness of your tax function with the implementation of efficient tax processes and software tools.
With dedicated human capital comprising our team, we help you build strong compliance and reporting foundations and an effective tax function.
Every special transaction in the industry, be it Mergers & Acquisition, restructuring or refinancing, has its own tax implication. Every single transaction has a distinct profile. Hence, our team of professionals with their diverse profiles help you understand the relevant jurisdictional and multi-disciplinary tax issues.
Currently, Indian indirect taxes are running on a two tier regime between state (VAT, Sales Tax etc.) and the Central (Service Tax, Excise Duty etc.) taxes. This system can be very complex and difficult to comply with. Our services assist the entities in identifying risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle.
Also, with the current pronouncements and proposed changes towards Goods and Service Tax (GST), there would be a plethora of new provisions to be followed in order to maintain high levels of compliance. KVA’s analysis of the Goods and Service Tax and its impact on different industries is widely extensive which would enable our clients to easily fit into the changed regime.
With the increase in Cross Border transactions, particularly between Associated Enterprises, the applicability of transfer pricing provisions under Income Tax Act & other statues gained importance. Further, Finance Act, 2012 also introduced similar transfer provisions for domestic transactions.
In the era of globalization, when multinational Enterprises (MNEs) have branches, divisions, subsidiaries and offices operating across the globe; it is common for them to transact goods and services from one jurisdiction to an associated enterprise in another tax jurisdiction. As a result of this development international taxation is assuming great importance. The subject of international transaction covers a wide spectrum like cross border transactions, e-commerce, Double Taxation Avoidance Agreement, transfer pricing etc. Tax practitioners are more and more required to deal with many issues related to transfer pricing.
Our widely experienced team who have dealt with numerous transfer pricing transactions pave you a path towards clear reporting on Transfer pricing issues ensuring highest compliance on part of the client.
