International Taxation

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services
services

In a fast-paced world of increasing cross border transactions, we assist in complying with the various Statutory Regulations connected to International Taxation.

Transfer Pricing Studies

Transfer pricing plays a crucial role in the financial reporting and profitability of companies, particularly for Indian subsidiaries or other entities with significant transactions involving related parties. The price at which goods or services are transferred between related entities can impact the bottom line and compliance requirements. At Pal Business, our tax team specializes in transfer pricing solutions tailored to the unique needs of our clients. We understand the complexities involved in determining transfer prices, especially for multinational corporations operating in diverse markets. Our services include comprehensive comparison study analysis, enabling companies to establish transfer pricing policies aligned with industry standards and regulatory requirements. We assist clients in preparing and maintaining transfer pricing documentation, ensuring compliance with tax regulations and minimizing the risk of disputes with tax authorities. Additionally, our team handles all aspects of transfer pricing compliance, from submitting related forms to tax authorities to representing clients in transfer pricing assessments. We leverage our expertise and experience to navigate the intricacies of transfer pricing regulations, allowing our clients to focus on their core business operations with confidence. With Pal Business by your side, you can trust that your transfer pricing needs are in capable hands. We are committed to providing proactive, strategic solutions that optimize your transfer pricing strategies and support your overall business objectives."

Opinions based on Double Taxation Avoidance Agreements:

In an increasingly globalized world, individuals and companies often face complex tax scenarios, especially when income is earned across multiple jurisdictions. For Non-Resident Indians (NRIs) and globally transacting companies, navigating the intricacies of international taxation can be daunting. At Pal Business, our tax team comprises experienced experts in the field of international taxation. We understand the challenges and uncertainties that arise when income earned in one country is subject to taxation in another, based on factors such as residential status and double taxation agreements (DTAA).
Our team is dedicated to providing comprehensive solutions to address all your queries and concerns related to international taxation. Whether you're an NRI or a multinational corporation, we offer expert guidance on matters such as:
1. Determining the taxability of income earned in different countries.
2. Resolving conflicts arising from dual taxation of the same income.
3. Exploring available relief and benefits under Double Taxation Avoidance Agreements (DTAA) and the Income Tax Act.
We leverage our in-depth knowledge of international tax laws and regulations to provide tailored solutions that mitigate tax risks and optimize your tax position. Our goal is to provide clarity and peace of mind, allowing you to conduct your global transactions with confidence. With Pal Business as your trusted partner in international taxation, you can rest assured that your tax matters are handled with precision and expertise. Let us navigate the complexities of international tax regulations on your behalf, so you can focus on achieving your global business objectives."

Structuring Cross Border Transactions

At Pal Business, our team of tax experts goes beyond traditional tax compliance to offer strategic solutions that optimize our clients' tax positions and enhance their overall financial performance. One of the key areas where we excel is in structuring our clients' shareholding within the group in a tax-efficient manner. By carefully designing the corporate structure, we help minimize tax liabilities while maximizing operational efficiency and flexibility. In addition to shareholding structuring, we provide comprehensive guidance on tax matters related to cross-border transactions. Whether it's navigating complex international tax laws, optimizing transfer pricing policies, or managing tax risks associated with cross-border lending, investments, acquisitions, and divestitures, our team is well-equipped to handle the complexities involved. We understand that cross-border transactions require careful consideration of various tax implications, regulatory requirements, and business objectives. Our experts leverage their in-depth knowledge and experience to provide tailored solutions that align with our clients' strategic goals and mitigate potential tax risks.
Furthermore, we offer proactive advice and support throughout the entire transaction lifecycle, from initial planning and due diligence to post-transaction integration. Our goal is to empower our clients to make informed decisions that drive sustainable growth and long-term success. With Pal Business as your tax partner, you can trust that your cross-border tax matters are in capable hands. Let us help you navigate the complexities of global taxation and unlock new opportunities for your business.

Expatriate Taxation and related services

For expatriates coming to India as employees of Indian companies, navigating the legal and tax landscape can be complex and overwhelming. At Pal Business, we offer comprehensive support to ensure a smooth transition and compliance with Indian regulations. Our services for expatriates include assisting them in obtaining registration with the Foreigners Regional Registration Office (FRRO). We understand the importance of compliance with immigration laws and regulations, and we guide expatriates through the registration process to ensure they meet all requirements seamlessly. In addition to immigration support, we provide expert tax planning services tailored to the unique needs of expatriates working in India. Our tax experts help expatriates understand their tax obligations in India, optimize their tax position, and minimize tax liabilities.
Furthermore, we take care of the entire tax filing process on behalf of expatriates, ensuring timely and accurate submission of their tax returns to the Indian tax authorities. Our team handles all aspects of tax compliance, relieving expatriates of administrative burdens and allowing them to focus on their professional responsibilities. With Pal Business as their trusted partner, expatriates can rest assured that their immigration and tax matters in India are in capable hands. We provide personalized support and guidance every step of the way, empowering expatriates to navigate the complexities of living and working in India with confidence.

A detailed transfer pricing study has to be conducted based on the various methodologies available and the reasonable price shall be arrived at based on the study conducted. Contact our tax team today to know more about the transfer pricing study.

Yes. For specified domestic transactions the aggregate value of which exceeds Rs.20 crores in previous year with a related party, transfer pricing rules will apply.

If you are an Indian national and resident of India who also earns income outside India, your residential status has to be determined and based on which your taxes will be determined. In case if you are a non resident, then there will be no taxes on income earned outside India. In case if you are a resident, your income earned outside India will be subjected to tax in India and relief of taxes if any that you have paid abroad shall be claimed according to the DTAA.

Your residential status is crucial to determining your tax calculations. Contact our team to know more about how to determine your residential status and get help for your tax calculations.

The withholding taxes are to be deducted based on Section 195 of the Act and as well as relevant DTAA provisions.

When a single income is taxed in more than one country, the income tax provisions provide for a relief. Before claiming relief, one can go through DTAA to understand where the income should be taxed and the ways to claim relief. In cases where no DTAA is entered with a country, relief can be claimed as per Section 91 of the Income Tax act.