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Taxation

Tax, being a component of shareholder value has a direct impact on returns. An organization’s combined direct and indirect tax burden can represent a huge portion of its earnings, in addition to which, there can be significant penalties for failing to get the compliance process right. Tax therefore plays a key role in protecting and enhancing shareholder value. It can make or break an acquisition, an investment or virtually any kind of corporate activity.

R&A, offers a broad range of fully integrated tax services. R&A brings insight from multiple business disciplines to help its clients grow.

R&A’s highly regarded tax services team is:

  • Technically accurate
  • Practical, proactive, flexible and responsive
  • Client focused

Direct Tax

Sound business decisions need to be backed by the right tax advice. Rapid globalization, has led to intense competition. Corporate entities have realized that innovative tax strategies and proper planning can reduce the tax incidence and provide the much needed cost edge over competitors.

The Tax services offered by R&A include:

CORPORATE AND BUSINESS TAX CONSULTING

In today’s constantly evolving business environment, tax authorities keep pace with the growing complexity and sophisticated nature of business transactions. Tax systems continue to become more confusing, with the changes in regulations and their mere multiplicity further adding to the existing set of complications.

R&A has an in-depth understanding of the taxation system and is experienced enough to translate it into easy-to-comprehend advice. R&A’s professionals have both the experience and the acumen to guide its clients through tax proceedings in a result oriented manner.

R&A focuses on enhancing business performance and shareholder value whilst reducing compliance risk. Businesses from multinational companies, corporates, Not for Profit Organizations, government bodies, partnerships or private trusts have come to count on R&A for the customized, intelligent guidance that demonstrates its understanding of the challenges and opportunities they face.

R&A services under Corporate and Business Tax Consulting include:

  • Identification of areas of Tax Exposure and Planning Ø Documentation; Preparation and Review of Tax Returns
  • Investment Tax Advisory

In addition to this, R&A also provides advisory services in relation to setting up of green field ventures. This includes

  • A review of tax assumptions;
  • An analysis of tax exemptions/concessions relevant for the project
  • Tax modelling involving an analysis of tax costs and credits impacting the business model.

PERSONAL TAX

R&A’s Personal Tax services offer integrated financial wealth management assistance to high net worth individuals whether domestic or cross-border. R&A’s talented team helps its clients to effectively manage their assets and minimize tax incidence.

R&A has the experience of working with individuals and companies of all sizes spread across varied industry segments. R&A specializes in managing all aspects of the tax life cycle right from planning, provision, compliance to assessments.

R&A approach provides professionally prepared returns, related calculations together with professional advice, and structured tax planning.

REPRESENTATION

Representing the views of an organization before authorities has emerged as an integral part of managing the tax incidence. R&A’s experts specialize in representation of varied types of organizations before:-

  • Assessing Officers
  • Appellate Authorities
  • Tribunals

With R&A its clients have a reliable partner, who will represent their interests with full dedication, using every legal avenue available to ensure maximum benefits.

TAX AUDIT

R&A conducts Tax Audit of assesses as required under Section 44AB of the Income Tax Act. R&A’S team delivers precise findings and action oriented recommendations as a result of the tax audit exercise.

TAX AUDIT

R&A conducts Tax Audit of assesses as required under Section 44AB of the Income Tax Act. R&A’S team delivers precise findings and action oriented recommendations as a result of the tax audit exercise.

INDIRECT TAXES

Despite the various reforms carried out in the past few years, the prevailing Indirect Tax regime in India is still in a state of evolution. The system is quite complex, with multi-layered levies both at the Union and State levels.

The existing regime requires businesses to undertake careful analysis of the tax costs involved in a transaction prior to decision making¸ ensure supportive documentation with relation to the stand they take on tax provisions and constantly explore opportunities for tax optimization.

R&A’s indirect tax professionals with their wide-ranging experience and in-depth knowledge assist clients in all of the above aspects. R&A provides advisory services in respect of GST, Custom duties, Import and Export and Foreign Trade Policy

GST

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Act came into effect on 1st July 2017. Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. GST is one indirect tax for the entire country.

R&A provides fallowing services on GST:-

  • Review of Business operations to identify tax optimisation opportunities, compliance gaps etc.
  • Advisory support on product classification, valuation, place of supply, tax credit etc.
  • Complete outsourcing of GST compliances.
  • Structuring of contracts and transactions to optimise indirect tax incidence.
  • Anti-profiteering study including assistance on any enquiry in this regard.
  • Assistance in processing of GST refund claims.
  • Vendor reconciliation for GST credits claimed.
  • E-way bill solution for comprehensive management of E-way bill lifecycle.

FOREIGN TRADE POLICY

Advisory on possible benefits under various free trade and similar agreements entered into between India and other countries.

IMPORT/ EXPORT AND CUSTOMS

  • Assistance on import-export procedures including post–import audit and prenotice consultation process.
  • Advisory support on product classification, valuation, license requirements etc.
  • Special Valuation Branch ('SVB') - Advice regarding approach to SVB, assistance in submissions, representations and reviews.
  • Help companies obtain certification under AEO programme.
  • Assistance in obtaining various export/import incentives such as SEIS, MEIS, EPCG, DEPB etc.

SEZs /EOUs

  • SEZ – Assistance in setting up /demerger /exit of units in SEZ, project approvals, representations, procedure manuals and review.
  • Export Oriented Units ('EOU') / Software Technology Parks ('STP') - Assistance in setting up units, project approvals, representations, procedure manuals and reviews.
  • Developing policies and procedures for key tax functions, preparation of SOP for tax compliances, Training key employees etc.
  • Diagnostic and compliance reviews.

TAX MANAGEMENT CONSULTING

In an increasingly globalized environment, managing tax responsibilities and planning tax affairs is becoming all the more complex. To help manage the challenges of multijurisdictional operations, R&A offers to help businesses create new standards of best practice in tax processes, controls, and outputs.

R&A’s specialists assist the clients to evolve a new role for the tax function, one which pro-actively manages change; is flexible; creates value for the organization and meets the challenges of quality, assurance, and control.

R&A depends on profound experience to deliver a combination of tax, technology, and consulting solutions that bring about a change in tax. R&A professionals offer expert yet broad skill sets, ranging from risk and strategy consulting, tax accounting to technology selection and implementation.

R&A’s tax specialists provide practical, leading edge tax advice across a broad spectrum of issues and transactions including:

  • Tax risk management processes and strategies
  • Merger and acquisition transaction structuring
  • Tax effective exit strategies
  • IPO and other fund raising transaction
  • Structuring and restructuring overseas investment and business operations
  • Transfer pricing documentation and risk assessment
  • Employee share plans
  • Remuneration planning and salary packaging
  • Implementing and operating tax consolidation

TRANSACTION TAX

R&A’s transaction tax professionals help companies understand the tax implications of their transactions, whether in acquisition, disposal, refinancing, internal restructuring, company integration or initial public offering. This service line looks after clients of all sizes and across all industries. In this dynamic and fast-moving environment, a variety of transactions, from acquisitions of small family-owned businesses to significant, newsworthy deals are possible.

R&A’s Transaction Tax services comprise a wide network of professional advisors who can help clients do just that. By combining diverse cross-border transaction experience with localized tax knowledge across a broad spectrum of industry sectors, R&A can help clients make informed decisions and navigate the tax implications of transactions.

R&A’s transaction tax specialists handle a wide range of issues relevant to transactions including:

  • Merger and acquisition transaction structuring.
  • Tax effective exit strategies.
  • IPO and other fund raising transactions.
  • Structuring and restructuring overseas investments and business operations.