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Tax Advisory

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Tax Advisory

Tax advisory refers to the assistance given to taxpayers regarding their taxation liabilities and planning. This process involves assessing a client’s financial status to ensure that the client is adhering to the tax laws, thereby reducing on tax implications. Advisors also provide recommendations for potential deductions or credits.

We at AKM Global focus on providing strategic and efficient advisory to our clients with to minimize their tax burdens while conforming to the existing national and international regulations. Our team of expert professionals provide tailored insights and guidance to meet the specific needs of both individuals as well as businesses, enabling them to make better financial decisions and handle uncertainties related to taxes.

India Entry Strategies

Our services include

  • Devising customized tax strategies aimed at lowering taxable income by making use of deductions, credits and careful investments.
  • Corroborating compliance with relevant tax laws and regulations to avoid penalties and legal issues.
  • Advising on diverse tax matters like cross-border transactions or withholding tax responsibilities.
  • Extending guidance on the tax implications of international transactions and treaty benefits.
  • Addressing issues within sectors connected with profit recognition including allowances for expenses and regulations.
  • Offering guidance on the tax implications of mergers, acquisitions, and other significant transactions.
  • Offering tax perspectives on agreements/contracts for advantageous taxation results.
  • Analyzing and identifying tax risks from the viewpoint of client’s business transactions and operations.
  • Formulating strategies to mitigate identified tax risks and optimize tax positions.
  • Providing guidance on long-term strategies, such as estate planning and retirement, from the viewpoint of tax efficiency.
  • Giving guidance on effective repatriation of funds and its tax consequences.
  • Checking operations against Base Erosion and Profit Shifting (BEPS) risks including General Anti-Avoidance Rules (GAAR).
  • Advising on availing foreign tax credits in India and other jurisdictions.
  • Providing intelligence on pending litigation, uncertain positions taken in tax returns and assessing probability of success with adequate strategies for prevention.
  • Conducting internal audit or health check/tax diagnostic reviews to assess and improve upon compliance, planning opportunities etc.
  • Providing updates about recent changes to taxation regulations that may affect the clients.
  • Evaluating completed transactions to address any uncertain tax implications and advise on tax-efficient structuring.

Our goal with our advisory services is to provide clients with tactical advice they can use to not only negotiate the complexities of taxation but also make informed financial decisions.

Frequently Asked Questions (FAQs)

What is tax advisory, and why is it so important for business or personal finances?

Consultancy of taxation involves professional advice on assisting organizations and individuals to manage their tax liabilities while remaining compliant with all relevant legislations on taxation. It is of paramount importance, as it sets down a targeted approach aimed at enhancing tax outcomes, reducing risks, and making better financial decisions in general.

How will tax advisory services help business?

A tax advisory service provides strategic orientations on how to minimize one's tax liabilities, how to comply with changing regulations regarding taxation, and how to opportunity for tax savings. It, therefore, enables a business to make prudent decisions and limit risks, thus being in an advantageous position in so far as financial planning is concerned, both in the short and long run.