<div>Opportunity for Practicing CAs - International Taxation</div>
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Opportunity for Practicing CAs - International Taxation

  • Highlights

  • Leverage opportunities presented by globalisation

  • Understanding of the external environment

  • Determine internal structure and perspective

  • Focus on DTAA and transfer pricing

Over the past few decades, post liberalisation of Indian economy, the demand for young Chartered Accountants has increased manifold. Attractive remuneration packages tempt most CAs to choose employment over practice. However, opportunities for CAs in practice have opened significantly in recent years.
This is due to the globalisation of economies and because of new regulations and laws being introduced in the country. There are endless career opportunities for practicing CAs, especially those who specialise in specific fields, be it international taxation, IFRS, corporate law, or service tax, to name a few.

Globalisation

The process of globalisation has led to the following opportunities for practicing CAs:
- Projects with the government on international harmonisation of taxation and corporate laws and standards
- Developing associations with professional and associated organisations internationally

Tax consultancy

Currently, every business needs an adviser to help them track their income and expenses. If you are an expert in tax law, planning, and compliance, you can start a tax consultancy business. Starting tax consultancy will enable you to meet the global as well as domestic tax compliance requirement of clients. For starting tax consultancy, one needs to spend on an experienced team as well as other inevitable expenses of setting up the work place, subscription to journals, etc.
To meet your various practice expenses, Chartered Accountant Loans are now available, integrated with various borrower-friendly features like flexi loan facility, doorstep document pickup, loan disbursal in 24 hours, easy eligibility criteria, etc. With pre-approved offers on your loans, the process of taking loans become simpler and quicker. All you have to do is share a few basic details and check out your pre-approved offer. Hence, tax consultancy is a small business that you can easily start.

International Taxation (including NRI taxation, DTAA, transfer pricing, and taxation in foreign countries)

With rapid globalisation and cross-border transactions, transfer pricing and double taxation avoidance agreements (DTAA) have come in to sharp focus. Revenue authorities across the globe are keen to ensure that their respective countries are not deprived of their legitimate share of taxes on these cross-border transactions.

In international tax consultancy business, practicing CAs provide guidance and consultancy services related to:
- Taxation of non-resident Indians in accordance with clause (6) of section 6 of the Income Tax Act, 1961
- Companies operating in multiple countries which are subject to intense reviews and scrutiny of transactions with their related parties
- Members with deep knowledge and understanding of the DTAA, transfer pricing regulations can play a key role in an advisory capacity and assist these companies in preparation of transfer pricing reports and other aspects of international taxation

Hence, tax consultants are required to understand the external environment in which the entity operates, as well as company’s own internal structure. They help organisations and individuals effectively communicate to the authorities the justifications relevant for the posture adopted by them in various taxable jurisdictions.

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