Your Challenges
How would you like to pay $1million to the taxman? This is your tax bill if your taxable profits are $10 million and if your tax rate is 10%. If your tax rate is 18%, your tax bill would be $18 million assuming a taxable profit of $100 million.
Business enterprises are fast becoming aware of the significant impact tax has on their transactions and it is not surprising that increasingly, organisations are now giving more focus on tax ramifications which could dilute their financials. Apart from the direct incidence of tax, there are also tax regulations to comply with, and as tax authorities around the world do not hesitate to impose penalties even for unintended non-compliance with tax regulations, this can add to the eventual tax bill organisations may face. Tax management is thus becoming an important function, even more so as businesses expand across international borders where they tread on foreign land with foreign tax laws.
Meeting Your Needs
PwC has been consistently voted as a leading tax practice in surveys conducted by the International Tax Review. Our team of tax professionals are not just technicians - we understand your business objectives and concerns when formulating solutions tailored for your business transactions. Within our tax practice we have specialist groups who focus on their expertise in areas such as:
Our industry focus covers areas such as:
- Financial services
- Manufacturing
- Logistics
- Transportation
- Pharmaceutical
Our Experience
We currently provide tax advisory services to a regional telecommunication multinational in the integration of their new acquisitions. This involves our assistance in structuring contracting models that will be operationally tax efficient.
We have also recently assisted a multinational in the food & beverage sector with their structuring and implementation of regional entrepreneur model for franchising business, including advising on Intellectual Property migration and negotiating for tax incentives.
A team of our tax professionals has also been engaged to look after the regional tax compliance of a multinational where we help our client meet with tax compliance regulations, including monitoring the status of tax assessments with the objective of avoiding tax penalties.
