International Taxation

Multinational firms have altered the fundamentals of global company growth potential. In this competitive environment, businesses are adjusting new revenue practices and accepting new challenges. Tax and regulatory compliance is becoming increasingly complex in the worldwide economy. In India, tax and regulatory matters are entering a new phase. The deployment of tax revenue collection via digitisation and e-governance is now underway.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS has a dedicated team of worldwide tax practitioners and specialists. With our technical knowledge and practical experience, we can assist multinational firms in managing the risks associated with numerous tax processes and regulations around the world.

DTAA Consultants

Every country is governed by its own set of International Tax rules and regulations. Globalisation is increased integration and cross-border transactions with foreign countries. To increase cross-border financial transactions, DTAA has stepped into International Taxation issues. The issue of the taxability of the same income in many countries can be mitigated in a variety of ways, one of which is a tax agreement between the countries.

DTAA advising and tax compliance services are provided by HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS to both Indian and multinational clients. And also give tax management services to NRIs by adhering to the jurisdiction of Indian rules and regulations, as well as outside countries and Double Taxation Avoidance Agreements (DTAA).

Transfer Pricing

Transfer pricing is all about determining the nature, treatment and taxability of intragroup transactions across several geographies. The transaction is put to test by the determination of arm’s length price of the transaction as per the prescribed transfer pricing methodologies.

We at HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS, have a long-standing experience in the field of international transfer pricing, transactions structuring and transfer pricing compliances. We can demonstrate and present the right mix of global perspective and insights with that of the Indian transfer pricing regulations and the practical approach followed by the Indian transfer pricing authorities. We have helped clientele design suitable transfer pricing policies, execute complex transactions and obtain global tax optimisation through transaction structuring.

Insights Of NRI & Expatriate Taxation

Any Expatriate, NRI, or PIO conducting business or working in India must understand and adhere to Indian laws and decrees governing foreign exchange policies. The most typical concern that NRIs or any Expatriate encounter is compliance with India's International Taxation system.

The ITA (Income Tax Act) Regulations provide that the tax owed by an expatriate is determined by their residential status rather than their nationality.

Expatriates rely on trusted and expert services to ensure compliance with various International Taxation laws and regulations. We have a team of professionals who provide effective solutions to expatriate taxes issues. Our tax expert provides distinct and effective ways for dealing with any tax-related issues such as withholding requirements, Dual Taxation, and so on.

Non-Resident Indians (NRI) advisory

With India being one of the world's fastest expanding economies, the Indian market has attracted many business owners, investors, and companies looking to start a business, buy a firm, or participate in the stock market. Indian markets have a favorable business climate and liberal legislation that allow any international company to establish a base in India. To encourage more NRI investment in India, the government has boosted the rate of Foreign Direct Investment (FDI) for NonResident Indians (NRIs) to 100 percent.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTSand Associates LLP assists non-resident Indians (NRIs) in planning and structuring their financial strategies. A team of competent and experienced specialists develops plans to meet the client's needs. The services vary from business setup to asset management.

FEMA Advisory

International business sectors have implemented new policies and aspects in order to expand company prospects in foreign marketplaces. Because of the globalization of international trade, the corporate scope is no longer limited to a single country or region. Business businesses are achieving new heights in global markets thanks to innovative strategies and foreign Compliance services. Every country has its own set of rules and regulations governing foreign exchange transactions.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS' hands-on experience with strategy creation and foreign compliances services will help you build your organization optimally. We have effectively structured our clients' businesses using our compliance and advisory knowledge.

IFRS

International Financial Reporting Standards (IFRS) provide centralized processes to ensure consistency, openness, and comparability of financial accounts around the world. IFRS Standards are critical to regulators all across the world. International Financial Reporting Standards is gaining clout around the world as a single, rational accounting system that is poised to stand on its own and establish dominating principles.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS, has extensive experience working under IFRS, and our knowledge of IFRS is more than just a technical accounting exercise. We grasp the requirements to be considered and research them as a critical business priority.