International Tax
Mitigate the risk of unintended taxable presence across jurisdictions with our experts, who bring deep cross-border expertise to navigate the complexities of international taxation.
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900
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Projects completed
0
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Seasoned experts
0
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Years of Experience
250
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Clients
900
+
Projects completed
0
+
Seasoned experts
0
+
Years of Experience
200
+
Clients
We transform cross-border challenges into strategic opportunities for businesses across countries.
Trusted by 300+ clients and built on 30+ years of experience, our team of seasoned international tax experts has successfully delivered 1,000+ projects across some of the most complex and consequential mandates in the field. Our work spans cross-border transactions, transfer pricing, FEMA and RBI compliance, tax structuring, withholding tax, and global regulatory compliance. That breadth of our experience gives us an unmatched ability to anticipate challenges, identify opportunities, and deliver outcomes that stand up to regulatory scrutiny.
Service Areas Within International Tax
Cross-Border Transaction Structuring
We provide end-to-end international tax advisory and structuring support for cross-border transactions. Our services also application of DTAA, advisory on permanent establishment exposure, and documentation.
Tax Treaty Analysis
Our team provides analysis and interpretation of applicable DTAA to optimise tax outcomes for cross-border transactions.
Documentation and Regulatory Filings
We offer comprehensive support for preparation and maintenance of international tax documentation in accordance with applicable Indian tax and regulatory requirements.
FPI Advisory and Compliance
We offer end-to-end FPI advisory covering compliance, documentation, MIS reporting, regulatory filings, remittance support, and representation before authorities.
Litigation Support
We support transfer pricing disputes across all levels, including assessments, DRP, CIT(A), ITAT, and High Court appeals.
Black Money Act & Foreign Asset Disclosure
We provide assistance for filing ITR for foreign incomes disclosures or foreign assets disclosures, responding to notices and representation before Income Tax authorities under the Black Money Act
Ascentium Insights
Frequently Asked Questions
What is international taxation?
International taxation is the determination of tax incidence on cross border economic transactions subject to taxation laws of different countries. The countries around the globe follow residence based taxation rule and source based taxation rule. Under residence based taxation rule, a country levies tax on the worldwide income of its resident or citizen and under source based taxation rule, a country levies tax on the income that originates from the source, which is present in that country namely a business activity, a capital asset etc.
What is the role of Double Taxation Avoidance Agreement and how it is to be applied in case of double taxation?
Double Taxation Avoidance Agreement (DTAA/Treaty) is an agreement entered between the Government of two countries commonly known as a bilateral agreement. The role of a DTAA is to mitigate the burden of double taxation on the same income earned by an individual / an entity through a fair allocation of taxing rights between the two countries. The main objectives of a DTAA are to prevent tax avoidance, grant relief from double taxation, enable tax credits etc. DTAAs can be either comprehensive or limited only for the purpose of exchange of information. In order to avail DTAA benefits, the most important criteria is that an individual / an entity must be a tax resident of a country. From India’s perspective, the Indian Income Tax Act prescribes conditions to be fulfilled for availing benefits under a DTAA. The main condition is to obtain a Tax Residency Certificate from the tax authorities of the country of which the individual / the entity is a tax resident.
What are the categories of reporting of foreign assets disclosure in ITR?
Foreign depository accounts, foreign custodian accounts, foreign equity and debt interest, foreign cash value insurance contract or annuity contract, financial interest in any entity outside India, any immovable property outside India, any other capital asset held outside India, any other accounts located outside India in which resident person has a signing authority, any trust created outside India in which resident person is a trustee or beneficiary or settlor, income derived from any foreign source .
What is the penalty and or punishment under Black Money Act, 2015 if resident person who holds foreign assets as beneficial owner or beneficiary but does not disclosed in his ITR?
Penalty upto Rs.10,00,000/- and or punishment of rigorous imprisonment for a term not less than 6 months which any extend to 7 years under Black Money Act, 2015.
What is an FPI and what are tax and complicance applicable to FPIs in India?
A FPI is a non-resident investor registered with SEBI who invests in Indian securities such as equities, bonds, mutual funds, derivatives, REITs and InvITs. FPIs are regulated by SEBI, RBI, and the Income Tax Department, and are broadly classified into two categories based on their regulatory profile. Registration is done through a SEBI-registered Designated Depository Participant (DDP), and investments are subject to prescribed sectoral limits, reporting requirements, and FEMA regulations. Income earned by FPI are liable to be taxed in Indian. They may also claim DTAA benefits subject to documentation such as TRC.
How can international taxation advisory services help your business?
International taxation advisory services help businesses manage cross-border tax obligations efficiently and compliantly. They ensure proper structuring of international transactions to optimize tax exposure while adhering to domestic tax laws and tax treaties. These services also assist in transfer pricing compliance, withholding tax analysis, and DTAA benefit claims to avoid double taxation. In addition, they help businesses navigate regulatory changes, reduce tax risks, and support smooth global expansion.
