Tax Services

EY's Tax Services

The business and tax landscapes have changed dramatically, and the pace and complexity of change continues to increase. We can help you navigate this shifting landscape. Governments are tempering the need for revenue with increased competition for labor and capital. Tax authorities are adapting their enforcement strategies, focus and policies in response to the changing dynamics of business. Companies are balancing competing priorities, ensuring they maintain compliance while adding value. We can assist you with these critical issues in today's tax environment, including:


  • Seizing the opportunity in Global Compliance and Reporting

    Global Compliance and Reporting (GCR) is at a tipping point. Many companies distribute responsibility for GCR processes throughout their organization creating a patchwork. The results are suboptimal. Our recent survey shows a need for a new approach.

    Due to the combination of evolving business models, transforming finance functions and an increasingly complex regulatory landscape. There are new opportunities to better optimize efficiency, control and value, to help mitigate risk and improve performance.

    What is Global Compliance and Reporting?

    GCR comprises the key elements of a company's finance and tax processes that prepare statutory financial and tax filings as required in countries around the world. These duties include:

    • Statutory accounting and reporting
    • Tax accounting and provisions
    • Income tax compliance
    • Indirect tax compliance
    • Governance and control of the above processes

    GCR activities reside in the middle of a broader set of so-called record-to-report (R2R) processes. R2R is the intersection between any company's finance and tax departments and is used to capture, process and store information that is essential to statutory accounting, tax compliance and reporting. Any change to R2R processes, information, finance systems, roles and responsibilities will have a direct impact on GCR processes.

    Risk on the rise

    GCR risks are on the rise. Local jurisdictions are rewriting regulations, focusing more intently on the collection of tax revenues and sharing more taxpayer information across borders. At the same time, the global financial crisis has driven companies to redesign their finance operating models to remain competitive and to take advantage of opportunities for growth.

    Our new report Seizing the opportunity in Global Compliance and Reporting investigates the significant developments taking place as multinational companies determine the best way to meet financial reporting and tax obligations worldwide.

    Our case study highlights how we helped leverage an array of external providers

    Helping you achieve meet the new GCR demands

    Fast changing compliance and reporting requirements are more demanding on tax and finance functions today than ever before. So how do you improve control and quality, manage risk, create efficiency and drive value?

    Our market-leading approach combines standard and efficient processes, highly effective tools and an extensive network of local tax and accounting subject matter professionals.

    See more on how we can help you meet the demands of today's tax landscape

    Related content

     

  • Building tax effective supply chains

    Today’s business environment for large, global companies is more fluid and complex than ever before. Companies are adapting their supply chains to respond to increasingly competitive market conditions and to deliver higher revenue and greater value to their shareholders and customers.

    Now, more than ever, multinational companies are expanding their global footprint, to both seek new markets and to capture cost efficiencies. As part of this drive, they are increasingly expanding their supply chains.

    With every development in the supply chain comes new costs and new risks to factor in

    Alongside the advancement into new markets, leading companies are also further developing their existing supply chains to drive cost efficiencies and boost margins in their mature market operations.

    Leading companies recognize the need for comprehensive, proactive planning

    But whether it is to enter new markets or to drive efficiencies in existing markets, the new leading companies have one shared characteristic – they fully recognize that carrying out comprehensive, proactive planning across the new supply chain model can maximize the opportunities and mitigate the risks as much as possible.

    Only with a truly holistic approach can all supply chain costs - including taxes - be assessed and managed.

    The challenge of change

    Every day companies face decisions about how to change their operations on a global basis.

    The challenge in making such decisions is to look at the problem holistically, considering all facets of the problem. Tax consequences should be a part of the analysis because the tax impact of any business change may be very large and lead to a different result than an operations only analysis.

    Our approach

    Often, companies will bring tax planning into the process only after the operational opportunities or alternatives have been narrowed and defined, limiting the effectiveness of the planning. Instead by integrating international tax planning at an earlier stage, different alternatives or operating models may emerge as the most effective overall.

    With the integrated approach of our Tax Efficient Supply Chain (TESCM) practice, we can often unlock benefits that would not have been possible if such integration had not been present from the beginning.


Related content

EY - Economy Watch – first edition

Economy Watch – first edition

Our monthly newsletter will discuss key economic trends and highlights for India. The November edition focuses on demonetization and its aftermath.

EY - India tax insights – ninth edition

India tax insights – ninth edition

Find out what our leadership has to say about burning issues such as demonetization and GST.

EY - India tax insights – eighth edition

India tax insights – eighth edition

Hasthemodel GST law set the stage for next-generation tax reforms? Find out in this issue of our quarterly magazine.


Contact us

Sudhir Kapadia
Partner & National Director,

Tax & Regulatory Services
Tel: +91(22) 6192 0900
LinkedIn profile

Connect with us

Stay connected with us through social media, email alerts or webcasts.

EY India Tax Insights App


EY India Tax Insights App

Find insights into your business issues on your mobile device.

Download our app via the IOS and Android

Questions or Feedback?

 

India focus on BEPS

Many countries, including India, have perceived the relevance of adopting BEPS, bringing about amendments in domestic laws to be in line with BEPS regulations.


EY - The UK as a favored location for Indian investments

The UK as a favored location for Indian investments

The UK is an attractive headquarter jurisdiction for Indian companies - commercially and from a tax perspective. The report elaborates on its key highlights.

EY - Working outside India

Working outside India

More than 25 million individuals of Indian origin currently work overseas. This document discusses the finer nuances of tax and regulatory framework applicable to them in India.


EY - Doing business in India 2015-16

Doing business in India 2015-16

The report is a ready reckoner for businesses to operate in India and understand our finance and demographic profile, and tax and regulatory framework.