International Tax | InCorp Advisory

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Overview

As multinationals across the world look to invest or establish themselves in India and begin to transact more actively, it is important that India’s tax and regulatory policies are well understood for enhancing growth and success opportunities. Similarly, the Indian homegrown business houses interested in or aiming to go global or get listed on the overseas bourses need to understand and stride through an interplay of cross-border taxes and regulations. Navigating the corporate tax and regulatory framework for carrying on any activity, along with domain industry knowledge, is now an integral part of doing business in India or overseas.
InCorp’s International Tax team comprises dedicated tax professionals with in-depth technical knowledge and practical experience, who the client can trust in relation to corporate tax and regulatory matters. The team provides advice on various tax matters and helps clients manage the complexities of multiple tax systems and cross-border challenges.

Service Areas Within International Tax Services

Corporate Tax Advisory

Advice on domestic, international and cross-border transactions
Advice on prevalent legislation and policies

Corporate Tax and Regulatory Compliance

Assist in filing tax returns
Assistance in Representation before the revenue authorities
Company incorporation and corporate assistance

Tax Litigation

Strategize tax litigation
Assist in preparing and filing appeals
Assist in representation before the appellate authorities at various levels

Foreign Exchange Regulations

Advice on aspects of foreign exchange law
Foreign exchange filing and compliances

Inbound & Outbound Investment Structuring

Strategize, analyze, evaluate and structure outbound investments
Assist in obtaining necessary regulatory approvals and undertaking compliances

Frequently Asked Questions

What is international taxation?

International taxation is the determination of tax incidence on cross border economic transactions subject to taxation laws of different countries. The countries around the globe follow residence-based taxation rule and source-based taxation rule. Under residence-based taxation rule, a country levies tax on the worldwide income of its resident or citizen and under source-based taxation rule, a country levies tax on the income that originates from the source, which is present in that country namely a business activity, a capital asset etc.

What is Double Taxation Avoidance Agreement?

Double Taxation Avoidance Agreement (DTAA/Treaty) is an agreement entered between the Government of two countries commonly known as a bilateral agreement.

What is the objective of Double Taxation Avoidance Agreement?

The main objectives of a DTAA are to prevent tax avoidance, grant relief from double taxation, enable tax credits etc. DTAAs can be either comprehensive or limited only for the purpose of exchange of information.

What is the most important criteria to avail DTAA benefits?

In order to avail DTAA benefits, the most important criteria is that an individual / an entity must be a tax resident of a country. From India’s perspective, the Indian Income Tax Act prescribes conditions to be fulfilled for availing benefits under a DTAA. The main condition is to obtain a Tax Residency Certificate from the tax authorities of the country of which the individual / the entity is a tax resident.