International Taxation
Collection of Tax is an important source of income for any country so that they can provide the basic facility like education, medical, safety, infrastructure to their citizens and no country would like to loss of such income hence government strictly monitor such international transactions which attract for tax of such law of land.
There are many law framed by the government of India like Transfer price agreement, country by country reporting, Basis of Entity Profit Shifting to monitor such transactions.
There are many treaties which agreed between countries to promote the relations between them and to avoid the double taxation on same kind of transactions hence it is always important for enterprise to track such transactions and take the benefits of such treat to avoid double taxation specially when transactions are between inter company.
Yobapart helps to the clients by analysing the transactions where International Taxation get attracted for buying and selling of goods or services, expat, equalization levy, Royalty paid for Technical Know, Sales Coverage service availed from intercompany transactions.
We support through transaction analysis, applicability of tax on such transactions, computation of Tax and perform the compliance accordingly with regulatory authorities and agencies.