Transfer Pricing
Greenvissage Helps De-Risk Transfer Pricing Processes For Every Business. We have delivered senior-level, independent consultation and analysis on Transfer Pricing matters for clients across a broad range of industries.
What Is A Transfer Pricing?
An expatriate is a person temporarily residing and employed in another country while still remaining a citizen of his home country. Moving to a foreign country is a challenge and understanding a new tax system is demanding.
As an expat you should understand various tax aspects like the country in which your income will be taxable, your residential status, filing requirements in the foreign country, reliefs available on the basis of double tax avoidance agreements, social security regulations in India and available opportunities for tax saving.
The team at Greenvissage is seasoned to take over the entire expat taxation process smoothly from the stage of first year of complexities till the time a tax clearance certificate is obtained for leaving the country. At Greenvissage, the team gives meticulous attention to your tax planning which helps in minimizing your taxes as an expat.
Greenvissage is proficient in the entire process of settling various expats in India. We partner with foreign employers who are looking for a consultant to take care of the tax requirements of their expat employees in India.
Why do companies need Transfer Pricing Services?
Do you know that the transfer pricing offers lots of advantages for a company in the means of taxation? Let’s discuss the key factors about it and how the company gets benefitted from transfer pricing taxation?
- With high tariff rates and minimal transfer prices, the transfer pricing helps the companies in reducing duty costs by shipping goods into different countries.
- The companies can attain higher profit margins by reducing the income and corporate taxes in higher tax rate countries by overpricing the goods which are transferred to lower tax rate countries.
- It helps in improving business efficiency and simplifies the process of accounts management.
- In this business world, transfer pricing legally allows the companies to ignore the payment of income tax by converting the sales in one country to be showcased as the profit in another country’s related entity.
In just simple words, the transfer pricing helps the business to save costs and to simplify the internal accounting system. Offering professional advisory and transfer pricing services in Pune, our in-house team will support you in all means of transfer pricing methods along with the preparation of all required documentation to support your entity in a reliable manner.
Our Services Includes
Assist in formulating the transfer pricing policies/ in reviewing the current policies/implementing transfer pricing structures
Our team works with a drive for innovative approaches and enables companies to take advantage of globalisation by having effective transfer pricing policies.
Beyond a threshold of turnover, a person entering into an international transaction needs to maintain prescribed documentation about ownership structure, profile of the group, name, address, legal status and tax residence of each of the companies of the group, description on the business as well as industry, nature and terms (including prices) of transactions entered into, a record of the economic and market analysis, a record of uncontrolled transactions taken into account for analysing their comparability etc.
- We closely connect to the client for gathering accurate information
- We use the most reliable and exhaustive database for the comparable analysis for arm’s length price.
- We also help companies draft inter-company agreements incorporating the required terms and conditions considering the transfer pricing laws.
Our team does extensive ground work of the transfer pricing positions taken by the company before the tax assessments. The approach is to have the documentation right and make research papers to surpass significant risk.
Our team does extensive ground work of the transfer pricing positions taken by the company before
the tax assessments. The approach is to have the documentation right and make research papers to
surpass significant risk.
The objective of having the CBCR is to enhance transparency for the tax administrations by providing them adequate information to assess transfer pricing risk. We help companies in the preparation and filing of CBCR forms and to be compliant with other statutory filings under this.
Additional Services
Our Accounting & Book keeping services build valuable assets that generate business value over time
Why Choose Greenvissage ?
Solution Driven
Cost Effective
We are reasonable, economical & affordable with unmatched result-oriented consulting.
Expert Team
Having an experience of working with some of the world’s largest accounting firms.
Insights
Is the privatisation of public sector banks the right way forward?
Testimonials
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.
If need any info
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Frequently Asked Questions ( FAQ)
For each type of return, the documents mostly required are TDS balance sheet, Bank account No, PAN details, Profit & Loss account.
Filing your return will definitely make you contribute to the development of the nation. In addition to that, your IT return will offer you the benefits of accessing many financial benefits like bank credits and others.
Yes, with experienced professionals to guide, we offer GST registration services for all type of your business.
You can file a maximum of 2 prior years of returns.
According to your requirements, the advance payment is subject to the professionals you choose. You can always consult with our senior professionals at any time to understand the payment details.
If you have not paid your return within the due date, you are supposed to pay the penalty of Rs. 5000 along with the interest on tax due.
Once you have filed the income tax return, the excess amount will be transferred directly to your bank account or by cheque once the refund gets processed.