Tax & Regulatory
Our endeavor is to formulate an ideal tax strategy for our clients which is compliant with the law, legitimately reduces the tax bills and yet is not prone to invite litigation. Our specialist tax partners have a responsibility to ensure that the client’s tax bill is optimized and they do not pay any unnecessary taxes. This involves a complete understanding of the ever changing tax laws which offer innumerable tax optimization opportunities in the form of deductions, exemptions and claims for losses and expenses. Coupled with an intimate understanding of the clients business and structure the potential tax strategies are formulated, discussed and finalized to minimize the tax bills and having said so, we also recognize the fact that the tax strategy should not be overly aggressive and should not increase client’s tax risks so as to plunge them into protracted litigation. Our tax teams constantly monitor the development of jurisprudence, the statutory pronouncements and the amendments in tax laws which invariably have far reaching consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax planning, advisory and compliance services. Our regulatory compliance services ensure that the clients attain a high level of stringent tax law compliances.
Tax Representation
We provide representation services to clients at all levels of tax hierarchy ranging from assessment to administrative and appellate stages. We have competence and resources to serve clients at all levels of appellate stages ranging from Appellate Commissioners, Dispute Resolution Panel, and Income Tax Appellate Tribunals. We also provide services relating to obtaining rulings from Authority for Advance rulings.
International Taxation
With the globalization and integration of economies large corporations are operating in different tax regimes with each one of them vying for their share of the corporations profit pie in taxes. The end result can often be paying taxes in multiple tax jurisdictions on the same income. We assist the foreign clients in entity structuring for Nepalese forays, transaction structuring, advising on the agreements and contracts from tax perspective, understanding and advising on treaty benefits, regulatory compliances and establishing sound global taxation policies including international transfer pricing regulation.