Corporate Tax

Reina Consulting provides an array of Corporate Taxation related services to various clients

Implementation Support

Assisting clients in a smooth transition to the Corporate Tax regime by guiding them on tax implications arising out of business transactions, agreements etc.; identifying transition issues etc.

Advisory

Rendering advice on critical as well as day-to-day Corporate Tax issues under retainer, hourly or on fixed assignment basis

Diagnostic Review

Identifying gaps in the Corporate Tax positions; suggesting changes in operating/ business models to mitigate Corporate Tax exposures; assessing the adequacy of documents, information etc. for audit preparedness

Compliances

Commenting on the feasibility of obtaining group registration; assisting clients in obtaining or cancelling registration; assisting in Corporate Tax computation; tax provisioning, preparing and submitting returns etc.

Representation

Assistance in seeking suitable clarifications/ amendments/ exemptions for and on behalf of clients/ client industry from the Tax Department

Training

Imparting training to client’s team for building their capacity in handling day-to-day Corporate Tax issues/ compliances etc.

Transfer Pricing

• Assistance in Transfer Pricing (TP) documentation for international/ domestic transactions including preparation and maintenance of Local File, Master File and Country by Country Reporting (CbCR)
• Assistance in conducting TP study as required to be furnished with respect to international/ domestic transactions
• Undertaking TP planning study for proposed related party transactions, for determining Arm’s Length Price (ALP) of proposed transaction with an Associated Enterprise (AE), to ensure that appropriate margins are agreed upfront to comply with TP regulations
• Representation in assessment and appellate proceedings including proceedings before the Tax Authorities
• Assistance in undertaking consultations with Tax Authorities on Mutual Agreement Procedure (MAP) for TP disputes and Advance Pricing Agreement (APA) proceedings. These proceedings help in resolving long standing disputes with tax authorities and providing future certainty with respect to transactions with AEs
• Assisting clients on value and supply chain management from a TP Perspective. This entails designing of pricing arrangements through supply chain, keeping in mind the substance embedded within respective entities, as against artificial allocation of functions, assets and risks
• Advising on safe rules and secondary adjustment norms under TP provisions

International Taxation

• Advising on tax implications of cross border transactions and foreign remittances, including advise on the applicability of Double Taxation Avoidance Agreements (DTAAs),
• Multi- Lateral Instrument (MLI), withholding tax as well as specific/general anti-avoidance regulations
• Advising multinational enterprises on international holding structures for the purpose of carrying on business in the GCC region (inbound structuring),
• similarly advising multi-nationals on carrying on business with outbound structuring

Economic Substance Regulations (‘ESR’)

• Advisory on ESR
• Assistance in ESR compliance
• Assistance in ESR Audit

Corporate and Commercial Legal

Advising on policies, laws and regulations in relation to governmental and regulatory compliances and approvals

• Advising on set-up strategies (i.e., setting up of Company, Branch, Liaison Office, Project Office, Limited Liability Partnership etc.) and obtaining approvals from the concerned regulatory bodies
• Advising on matters related to Intellectual Property Rights (‘IPR’) such as IPR protection mechanisms, IPR infringement actions, IPR registrations etc.
• Drafting of agreements, policies including share holder, joint venture, technology transfer, business transfer, franchise, online terms of use etc..
• Advising on corporate reorganization and restructuring including mergers, acquisitions, slump sale etc.
• Conducting vendor and target legal due-diligences

Data Protection Laws

Contours of Data Protection Laws

• Wide definition of sensitive personal data
• Data localization requirements
• Excessive liability for non-compliance
• Periodic review of stored personal data
• Constitution of Data Protection Authority
• Wide applicability
• Requirement of notice and consent

How can we help businesses?

• Evaluating and monitoring compliance levels from a legal standpoint under various jurisdiction
• Drafting of relevant agreements/ policies for (i) securing consent; (ii) provision of notice etc.
• Assisting with Data Protection Impact Assessment
• Developing security and privacy best practices, policies and standards
• Developing mitigation plan for possible privacy breaches
• Assisting with litigation, if any
• Delivering trainings on the legal provisions to the concerned teams