Cross Border Taxation
Cross Border Taxation service is not just filing and advisory but determination of tax liability, setting up business, setting up branch offices in different nations.
Cross Border Taxation
Greenvissage has dedicated teams for different laws and compliance areas and thus has built in specialised wings. A cross border taxation is evaluated by respective teams and an expert opinion is given on the basis of in depth knowledge base. We advise on an international transaction keeping in view the Indian Income Tax Act, Companies Act, Foreign Exchange Management Act, Reserve Bank of India Act, Securities and Exchange Board of India Act, Double tax avoidance agreements between countries, social security agreements between countries, transfer pricing methodologies, OECD guidelines etc. It is easy to trust our teams with the systematic planning, documentation, execution and accurate and timely compliance for any cross border taxation and International Transaction.
With over two decades of industry experience, we are aware that your company would like to make business decisions, being fully aware of the tax implications. It is important that the
We advise on an international transaction
Cross Border Taxation
A cross border taxation is evaluated by respective teams and an expert opinion is given on the basis of an in-depth knowledge base.
The setting of a price for services and goods between related legal entities is referred to as a transfer price.
Taxation of Expats
An expatriate is a person temporarily residing and employed in another country while still remaining a citizen of his home country
Our Inbound Services Includes
There are two basic types of cross-border transactions. Outbound transactions involve Indian taxpayers doing business or investing in foreign countries and inbound transactions involve foreign taxpayers doing business or investing in India.
We guide on selection of entity in India; whether to form a company or LLP or a liaison office etc. Benefits like having a lower tax rate in case of a company but a nil dividend distribution tax under an LLP, cash extraction options with tax implications are evaluated with the investor.
The profits of an enterprise of one country are taxable in the other country, only if the enterprise maintains a PE in the later country and only to the extent that profits are attributable to the PE. When entering into a cross border transaction, it is important to analyse the risk of PE in the other country to avoid any double taxation.
Every foreign company having taxable income in India has to file an income tax return. We prepare and file tax returns after scrutinising all the contracts/invoices with the Indian parties and maintain the records for any future scrutiny assessments. This helps in the assessments as the documentation is all ready.
When profits pile up in an investment company, the foreign company looks for ways of repatriation. One of the most common ways of repatriation is dividend payment. Dividend payments attract a distribution tax which is a cost to the enterprise. The best strategy of repatriation for each enterprise will differ and depends on various factors. An Enterprise can combine two or more ways of repatriation and also have different repatriation strategy for each year.
Due to the complex tax system, companies seek assurance on tax implications on proposed transactions through advance rulings. Advance rulings obtained from revenue authorities may affect the decisions of foreign companies for investment in a particular country.
Our Outbound Services Includes
While making payments to a non resident, it is necessary to evaluate whether withholding taxes are applicable. The tax rate depends on various documents like the no PE declaration, tax residency certificate and form 10F. If the tax is not withheld, the full expense is disallowed for tax purpose. A certificate from a Chartered Accountant is required by bank certifying the withholding tax rate. We assist in ascertaining the applicability of taxes and the execution of remittances.
We have an experience of working across jurisdictions which helps us in drafting the inter-company agreements.
Resident companies incur tax costs outside India which is lost if not claimed against the Indian taxes due by them on their return of income. However, claiming the tax credits is complicated as it involves the double tax avoidance treaties along with the Indian tax laws. Also, there are filings to be done in this regard with the revenue authorities.
Cross border transactions with associated enterprises are critically examined by the tax authorities for any transfer pricing issues. Transfer pricing policies can be either transaction based or a combined approach for similar transactions. The various methods of transfer pricing include the comparable uncontrolled price method (CUP), resale price method, cost plus method, transactional net margin method, profit split method and any such method as prescribed by the tax law. Depending on the transaction, the most appropriate method is selected.
Why Choose Greenvissage ?
We are reasonable, economical & affordable with unmatched result-oriented consulting.
I always found doing business with Team Greenvissage is very pleasurable. They helped us setup the company in India and guided us through the legal minefield & ensured all compliances were adhered to strictly.
Thanks to their legal & financial support, I could fully concentrate on the Business operations, knowing the legal and fiscal are in good hands.
Known Amit and Kethan for over 15 years now and have been utilizing their services for our end to end Accounting/Tax/Payroll needs..not only are they super professional and knowledgeable they also make the best of friends a business owner can ask for!
We have been receiving personal attention from the Directors at all times. The support staff is very helpful and they try to understand the issues at hand, with all sincerity and professionalism. For emergencies we do get immediate personal intervention.
The services they provide are exemplary on a professional and knowledgeable, yet friendly level.
We particularly value their pro-active style of suggesting ideas and solutions regarding all accounting/ compliance/ payroll/ tax/ forex matters of our business,
and the way a smooth transition and taking over of our accounting/ auditing tasks from our earlier CA was accomplished.
One of the key criteria for start-ups is that the accounting firm should be flexible, understanding and very approachable.
I am happy to state that Greenvissage and its team is exactly this.
The team is ably headed by Amit and Kethaan. Both of them very well understand that the business cycles go through tough times and they make sure to support during tough times too.
I believe this is the test of good partner organization.