Expat Taxation

Accorp is a leading financial adviser firm with in-depth domain knowledge of the business and regulater environment that enable our clients to meet their strategic aspirations

    Arrival briefing meeting
  1. Registration with Foreigners Regional Registration Office (FRRO)
  2. Registration with tax authorities to obtain Permanent Account Number (PAN)
    During assignment in India
  1. Employer’s obligationMonthly tax withholding obligation, filing of quarterly withholding tax returns, issuance of Form 16 at the end of each tax year
    Compliance with Indian Social Security Provisions for expats qualifying as International Workers
  2. Expatriate’s ObligationFiling of Individual tax return at the end of the relevant tax year by the prescribed due date
    At the end of the assignment
  1. Filing of Individual tax return with the tax authorities
  2. Obtaining No –Objection Certificate (NOC) from Indian Tax authorities
    Other Services
  1. Extension of Visa/FRRO
  2. Assistance in Assignment Structuring / Secondment Documentation
  3. Representing expats before the tax authorities in case of scrutiny assessments
    At the time of Departure-
  1. Departure briefing meeting
  2. Filing Form 30 C
  3. Conversion of Saving bank accounts to NRO accounts
    During assignment outside India
    Employer’s obligation-
  1. Running of Shadow payroll and calculation of hypothetical tax in case the outbound is covered under tax equalization policy of the company
  2. Tax withholding compliance (i.e Issuance of Form 16 and Form 12 BA)
  3. Compliance with Indian Social Security Provisions for outbound assignees qualifying as International Workers
  4. Assignee’s Obligation
  5. Calculation and deposition of advance tax liability (if required)
  6. Filing of Individual tax return at the end of the relevant tax year by the prescribed due date (if applicable). It includes analysis of various provisions of Double Taxation Avoidance Agreement (DTAA) to claim the tax credit on doubly taxed Income (if any)
    Other Services
  1. Assistance in assignment structuring including formulation of tax equalization/ tax protection policy

Inbound Services

Arrival briefing meeting

  1. Registration with Foreigners Regional Registration Office (FRRO)
  2. Registration with tax authorities to obtain Permanent Account Number (PAN)

During assignment in India

  1. Employer’s obligationMonthly tax withholding obligation, filing of quarterly withholding tax returns, issuance of Form 16 at the end of each tax year Compliance with Indian Social Security Provisions for expats qualifying as International Workers
  2. Expatriate’s ObligationFiling of Individual tax return at the end of the relevant tax year by the prescribed due date

At the end of the assignment

  1. Filing of Individual tax return with the tax authorities
  2. Obtaining No –Objection Certificate (NOC) from Indian Tax authorities

At the end of the assignment

  1. Extension of Visa/FRRO
  2. Assistance in Assignment Structuring / Secondment Documentation
  3. Representing expats before the tax authorities in case of scrutiny assessments

Outbound services

At the time of Departure-

  1. Departure briefing meeting
  2. Filing Form 30 C
  3. Conversion of Saving bank accounts to NRO accounts

Employer’s obligation-

  1. Running of Shadow payroll and calculation of hypothetical tax in case the outbound is covered under tax equalization policy of the company
  2. Tax withholding compliance (i.e Issuance of Form 16 and Form 12 BA)
  3. Compliance with Indian Social Security Provisions for outbound assignees qualifying as International Workers

Assignee’s Obligation

  1. Calculation and deposition of advance tax liability (if required)
  2. Filing of Individual tax return at the end of the relevant tax year by the prescribed due date (if applicable). It includes analysis of various provisions of Double Taxation Avoidance Agreement (DTAA) to claim the tax credit on doubly taxed Income (if any)

Other Services

  1. Assistance in assignment structuring including formulation of tax equalization/ tax protection policy

Featured Resources

owner

CA,B.com

Umesh Bansal

Cross border expert