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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.
 
  • Challenges Faced
    • 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.