TAX advisory services from India for entities from United Kingdom

TAX advisory services from India for entities from United Kingdom

Fox Mandal is a full-service law firm from India. We are one of India’s oldest and most respected firms. With 10 offices across India, the Firm advises a wide range of clients, including Fortune 500 companies, large and medium multinationals, Indian business groups, emerging companies, public sector organizations, government, educational institutions and startups on various facets of law.

The move to a nation-wide unified GST (Goods & Services Tax) model is a major step towards simplifying India’s indirect tax regime. However, the transition continues to raise compliance challenges; even the rates and slabs have not fully stabilised. The direct tax framework too is complex, and remains open to annual changes under the Union budget. In line with the government’s stated intention to expand the tax base and enhance the Tax/GDP ratio, India’s tax framework will continue to evolve over the next few years.

Tax rates and compliance requirements vary with legal status of the individual or corporate entity and nature of permanent establishment in India. In recent years, the Place of Effective Management (PoEM) is another variable that has been introduced, with a bearing on tax liability and compliance requirements. Further, certain industries enjoy specific tax exemptions provided they fulfil the stipulated conditions.

India has signed Double Tax Avoidance Agreements (DTAA) with several countries. Cross-border transactions may attract certain provisions of these DTAAs, and as such, the letter and spirit of the relevant DTAAs must be studied carefully before determining the appropriate course of action.

It is thus clear that navigating India’s tax regime is not an easy task. Our firm draws upon the multi-disciplinary expertise of its specialists so that our clients’ requirements are studied thoroughly and the optimum solution is found, keeping in mind not only the letter and spirit of the law but also likely impact of the recommended solution on cost, time, risks to reputation, business disruption etc.

Our tax specialists have several years of experience in finding solutions to our clients’ direct and indirect tax matters and a successful track-record of assisting our clients deal with tax-related litigation with various Central and State level tax authorities.

Our services:

Our consulting, advisory and compliance services related to direct and indirect taxation cover the following:

  • Goods and Services Tax (GST);
  • Customs;
  • Erstwhile taxes and levies (e.g. VAT, sales tax, excise duty, service tax, local entry taxesetc.);
  • Corporate, Personal Income & Capital Gains Taxes;
  • International Taxation;
  • Tax Planning- Individual, Partnership (incl. LLP), Trusts and Company;
  • Tax efficient structuring of ventures (inbound and outbound investments);
  • Taxation of cross-border transactions (including under country-specific DTAA);
  • Tax litigation – appearance and representation before Adjudication/ Appellate authorities and Tribunals;
  • Transfer pricing;
  • Liaison with Special Valuation Branch (SVB) for addressing valuation challenges related to determining “arm’s length pricing” in international transactions; and
  • Registration and compliance services under tax laws

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