Tax & VAT

1. Compliance services (the essentials)

These are the routine filings and registrations every business must do:

• Income tax returns: For individuals, partnerships and companies.
• VAT registration and filing: Monthly or trimester VAT returns, depending on turnover.
• TDS (tax deducted at source): Deduction, deposit and filing of TDS returns.
• Excise and other levies: Where applicable, ensuring proper reporting.
• IRD correspondence: Responding to notices, assessments and clarifications.

2. Advisory and planning (the strategic side)

Here the CA acts as a tax strategist:

• Tax planning: Structuring transactions to minimize tax legally.
• VAT optimization: Advising on input VAT credits, refunds and exemptions.
• Cross-border taxation: Guidance on imports, exports and double taxation treaties.
• Business structuring: Choosing between proprietorship, partnership or company for tax efficiency.

3. Representation and legal support

When disputes or audits arise:

• Tax audit support: Preparing audit reports and defending positions.
• Appeals and litigation: Representing clients before IRD, Revenue Tribunal or courts.
• Penalty and interest negotiation: Handling disputes over late filings or misstatements.
• Advance rulings: Seeking official clarifications on complex tax matters.

4. Value-added services

Beyond compliance, a CA can offer:

• Digital tax dashboards: Real-time tracking of VAT, TDS and filings.
• Training and workshops: Educating staff on tax compliance.
• Due diligence: Tax health checks before mergers or investments.
• Automation: Setting up accounting software for auto-filing VAT/TDS.