What is Base Erosion Profit Shifting (BEPS)?
1. We will assist upon the overall strategy of MNE group on the basis of BEPS provision and also to comply with the new requirements that are arising product wise.
2. We can assist in analysing intangibles and also whether the group members are contributing towards development, maintenance, protection and exploitation of intabiles which are being awarded appropriately in line with significant people’s function.
3. To review and evaluate the company readiness on TP compliances and accordingly we assist on the documentation which are required.
1. Location of IPR and place of conceptualization and development of IPR.
2. Legal ownership or beneficiary ownership of intangibles and related payment.
3. Requires providing an overview of MNE’s global chain.
4. Identify whether the revenue and profit generated from all jurisdictions are proportionate with the substance.
5. Detect artificially shifting of the substantial amount of income to advantageous environments having taxation benefits by means of automatic exchange of information between the tax authorities.
6. Recognizing location of the groups where they can enjoy tax incentives.
2. Local file to provide material TP positions of the local entity with its forign affiliates.
3. CBC reporting to provide jurisdiction wise information.
2. Prepare diagnostic review to assist in preparing TO compliance obligation.
3. To analyze the intangible on the basis of BEPS guidance to ensure that the group members are contributing towards enhancement, development, maintenance, protection, and exploitation of intangibles and being remunerated appropriately.
4. To develop processes and procedures for compliance and train the group members to meet documentation deadlines to ensure the alignment between the local and global documentation.