Tax statute of each specific country requires right and precise interpretation of the law in correct manner and right spirit to enable business as well as the Government of that country to perform and deliver in right direction.
Tax is required to fund the government spending and various public expenditures.
Our team evaluate regulatory framework and advise on benefits provided by Central and State government to promote business and make in India initiative.
Tax policy and tax enforcement are constantly evolving.
Economic and political pressures often lead to changes in tax policy and tax administration that impact markets, businesses and customers.
Tax has become increasingly interconnected and tax changes in one jurisdiction can now trigger changes across the globe.
Cross-border businesses is not a new thing now but countries are working together on the development and adoption of better policies for the taxation of international transactions.
Governments are collecting and sharing more taxpayer information.
The result is that tax controversy is evolving from two-sided disputes in specific countries into a multidimensional, multi-country dynamic.
Companies must act so that their people, policies and systems are keeping pace.
They need to understand tax policy trends and anticipate the direction of future developments to be able to integrate these considerations into tax and business planning.
We at PRASK & ASSOCIATES practice perseverance & positive attitude in challenging & complex business situations to consistently produce practical solutions.
PRASK team is working with an objective to help its clients navigate this interconnected environment.
Should disagreements arise, we provide an essential bridge between the tax authorities and the company and support implementation of a globally integrated approach to tax controversy management.
