VAT (Value Added Tax) advisory and compliance services are crucial for businesses operating in regions where VAT is applicable. These services help businesses navigate the complexities of VAT regulations, ensure compliance with tax authorities, and optimize their VAT position.

Transfer pricing refers to the pricing of goods, services, or intangible assets that are exchanged between related parties. It’s a crucial aspect of taxation, as it can impact the allocation of profits and tax liabilities among different parties.

Who is covered?

Related party

A related party is an individual or entity who has a pre-existing relationship with a business through ownership, control or kinship (in the case of natural persons).

 Connected Person

An individual who has an ownership interest in the company/director or officer of the company along with any relatives (upto fourth degree of kinship or affiliation) shall be considered “Connected” to the business of the company.

VAT compliance refers to the process of adhering to the regulations and requirements set forth by tax authorities regarding the collection, reporting, and remittance of Value Added Tax (VAT). It is essential for businesses to meet these obligations to avoid penalties, legal issues, and maintain a good standing with tax authorities

 A VAT Health Check and Diagnostics Review is a comprehensive assessment conducted to evaluate a business’s compliance with Value Added Tax (VAT) regulations. This review aims to identify potential risks, areas of non-compliance, and opportunities for improvement in the company’s VAT processes.

 Tax agency services encompass a range of specialized functions provided to assist businesses in managing their tax obligations. This includes services such as tax return preparation and filing, compliance and reporting, tax planning and strategy, audit support, bookkeeping, and advisory. Additionally, keep businesses updated on legal and regulatory changes. These services are essential for businesses looking to navigate complex tax codes, ensure compliance, and optimize their tax positions.

VAT refunds refer to the process by which businesses can reclaim the Value Added Tax (VAT) they have paid on goods or services. This typically applies when a business’s input VAT (VAT paid on purchases) exceeds its output VAT (VAT charged on sales) within a specific period.

Excise registration and compliance involve adhering to the regulations governing excise taxes. Excise taxes are levies on specific goods or activities, often imposed at the manufacturing or production stage.

Designated Zone registrations pertain to specific areas within a country or jurisdiction that are granted special tax treatment or exemptions. These zones are often established to encourage economic growth, stimulate investment, and facilitate international trade.

Tax dispute resolution involves the process of resolving disagreements or disputes between taxpayers and tax authorities regarding tax liabilities, assessments, or other tax-related matters. It is a crucial aspect of tax compliance and can occur at various stages, from the initial assessment to audits and appeals.

Customized tax workshops and training programs are specialized learning experiences designed to educate individuals or teams within a business or organization on specific tax-related topics. These workshops and training sessions are tailored to the unique needs, industry, and level of expertise of the participants.