TAX & REGULATORY
KNAV HR solutions
Accounting advisory/CFO services
Internal audits & management
Assessment of internal financial
controls & SOC2 & 3
Enterprise wide risk management
Forensic & investigative services
Human resource risk advisory
IT risk advisory
Valuation for financial
reporting as per US
Valuation for deals
Valuation for regulatory
Leading provider of enterprise solutions and software consultancy services in India, UAE, US, UK, Singapore and GCC countries
Task at hand
Reviewing the group’s overall business strategy and suggesting arm’s length margins to be retained by each entity in accordance with the transfer pricing laws in each jurisdiction and preparing a transfer pricing study report from an India and UAE perspective.
Justifying losses booked in start-up entities in UK and US;
Justifying the overlapping of functions between India and UAE and determining the entrepreneur role; &
Allocation of margins between GCC entities.
Outcome / value provided
Prepared transfer pricing documentation and discussing the margins that should be kept going forward on three year basis;
Provided inter-company contracts and held discussions for implementing the transfer pricing margins; &
Developing an invoicing and transactional flow so as to avoid service tax.
Client feedback on the project
Report was accepted by the management and KNAV was appointed for PoEM study and audit services.