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Tax controller for a soap chemical manufacturer

Engagement: SKP was engaged by a leading soap chemical manufacturing company as their tax controller to handle their direct and indirect tax related aspects.

Solution
Our tax team provided the client with support in the areas of compliance and risk management. A full-time tax manager along with a support team ensured compliance of various statutory requirements. They also liaised with the statutory auditor in order to finalise the accounts from a tax positioning perspective. The team also prepared Standard Operating Procedures and conducted a system review to determine appropriate tax compliances and ensure that the right actions are taken while complying with tax laws.

The team identified various savings and potential tax exposure on a certain business model adopted by the client. Post evaluation, the team offered suggestions to mitigate tax exposure and also advised on the demerger of a business to another group entity from a tax risk perspective.

Value Delivered
Our tax team provided the client with a timely assessment of potential issues and tax exposure. The review provided the client with tax structuring avenues to operate tax-efficiently. As a result, the client is better positioned to mitigate these risks.