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Multi-country tax compliances for a major Indian software company

Engagement: SKP was engaged by a major Indian software company with global operations for handling their indirect and direct tax compliances, internal audit and statutory audit support, as well as coordinating with the client, consultants and auditors in 36 countries across Europe, Middle East, Africa and Asia-Pacific.


Solution
We reconciled taxable income (VAT) with sales as per the general ledger. We verified that VAT had been correctly charged on different types of invoices. We handled Onsite/Offsite/On-Off/Advances/Advance reversal, allowance of input tax credit and applicability of reverse charge.

Value Delivered
We provided the client with a single point of contact for complicated multi-country tax compliances. This led to a faster turnaround time with no need to depend upon or coordinate with consultants across countries.