International Taxation & Cross-Border Advisory
Expansion of the global economy and technological development continues to present new opportunities and challenges to businesses of all sizes. At the same time, taxing jurisdictions around the world are reacting to globalisation, technology, and new business models/platforms with various forms of novel and complex taxing regimes. The result is increased complexity, tax risks, and compliance burdens for taxpayers.
International Taxation & Cross-Border Advisory – Deepti Bhagtani & Associates In Vadodara
Our professionals are uniquely qualified and experienced to guide our client through the opportunities and challenges of the changing landscapes. Our international tax service line is focused on bringing integrated tax solutions to multinational corporate enterprises with respect to cross-border business expansion, transactions’ flows, group restructuring, supply-chains, mergers & acquisitions, divestitures, financing, and operations.
International Taxation & Cross-Border Advisory
International Taxation
Work out your tax residency
To understand your tax situation, you must first work out whether you are an Indian resident for tax purposes. Indian residents are generally taxed on their worldwide income from all sources. Foreign residents are generally taxed only on their Indian-sourced income, such as money they earn working in India.
Coming to India
To work in India you will need a work visa and a permanent account number. Your employer will withhold tax from your wages and deposit it to Indian government - you then lodge an annual tax return and government will send you a tax refund if you are entitled to one. You may also be entitled to superannuation (retirement savings).
Investing in India
Foreign residents are taxed in India on income earned from their Indian investments. For interest, unfranked dividends and royalties, tax is generally withheld in India at the time of payment. But if you receive rental income from Indian properties or capital gains from selling Indian assets, you must declare these amounts in an Indian tax return.
Going overseas
Whether you will remain Indian resident or become a foreign resident, there are things you need to do to get your tax affairs in order. If you remain an Indian resident while working overseas, you must declare your worldwide income in your Indian tax return, even if tax was taken out in the country where you earned the income.
Investing overseas
As an Indian resident you are taxed on your worldwide income, including your income from interests in foreign entities, renting overseas properties, and selling overseas assets. If you have paid tax on this income in another country, you can claim a foreign income tax offset in India.
Transfer Pricing
Transfer pricing refers to the pricing of goods, services or intangibles within a multinational organization, particularly in regard to cross-border transactions. The vast majority of global trade occurs between related-party entities. As global trade increases, companies are confronted more and more with complex issues associated with inter-company pricing.
International Taxation & Cross-Border Advisory
As multinationals across the world look to invest or establish themselves in India and begin to transact more actively, it is important that India’s tax and regulatory policies are well understood for enhancing growth and success opportunities.
Similarly, the Indian homegrown business houses interested in or aiming to go global or get listed on the overseas bourses need to understand and stride through an interplay of cross-border taxes and regulations. Navigating the corporate tax and regulatory framework for carrying on any activity, along with domain industry knowledge, is now an integral part of doing business in India or overseas.
International Taxation & Cross-Border Advisory – Deepti Bhagtani & Associates In Vadodara
Thus, financial statements need to be prepared in compliance with the regulatory requirements, Accounting Standards and any other industry specific requirements. The auditor’s opinion enhances the credibility of financial statements by providing a high, but not absolute, level of assurance.
International Tax Services – Key Offerings
- International tax advisory on complex tax issues, including withholding taxes and equalization levy
- Analysis and advisory with respect to permanent establishments of foreign companies/entities in India
- International tax services and advisory on aspects related to GAAR (General Anti-Avoidance Rules), DTAA (Double Taxation Avoidance Agreements) and BEPS (Base Erosion and Profit Sharing)
- Profit and cash repatriation planning for foreign establishments
- Advisory on equalization levy
International Taxation & Cross-Border Advisory – Deepti Bhagtani & Associates In Vadodara
- Assistance in compliance related to transfer pricing documentation, including master file, local file and country-by-country report
- Transfer pricing advisory on complex structures and international transactions
- Representation before tax and transfer pricing authorities for tax assessments or audits by revenue authorities
- Support in preparation of and transfer pricing litigation strategy
- Engaging counsels for representation before high-level litigation authorities
Why Choose Us ?
Experience
Extensive experience and expert knowledge define Deepti Bhagtani & Associates, ensuring exceptional solutions and reliable guidance for clients.
Convenience
Having serve the clients since 2012, We understand your needs therefore we will give you the best experience throughout
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International taxation is the determination of tax incidence on cross border economic transactions subject to taxation laws of different countries. The countries around the globe follow residence-based taxation rule and source-based taxation rule. Under residence-based taxation rule, a country levies tax on the worldwide income of its resident or citizen and under source-based taxation rule, a country levies tax on the income that originates from the source, which is present in that country namely a business activity, a capital asset etc.
International Tax is a field where the taxing jurisdiction of two countries is involved. Tax is a sovereign issue and every state has its right to tax its residents but when there is taxing of the same property or person by two different states then the conflicts arise.
Tax Liability Optimization: Reducing tax obligations is one of the main advantages of international tax planning. Individuals and corporations can benefit from the advantageous tax laws, incentives, and deductions that various countries offer by carefully structuring their company activities and transactions.