Tax

ELP's market leading Tax practice offers comprehensive qualitative services across both indirect and direct taxes (including transfer pricing) covering the entire spectrum of transactional, advisory and litigation work. Our integrated expertise in advisory and litigation matters allows us to seamlessly address any disputes that arise and enables us to offer redressal. We have assisted some of the some of the world's largest corporations on matters ranging from legal advisory to strategic decisions relating to their domestic as well as cross-border business and transactions. Our team comprises of a diverse set of professionals including advocates, solicitors and chartered accountants who hold multi-jurisdictional qualifications.

We have carved a niche for our firm in the area of indirect tax. Our indirect tax expertise covers the entire gamut of taxes including Excise, Customs, Service Tax, Sales Tax / Value Added Tax ("VAT") and Entry Tax. We also advise clients on Foreign Exchange Regulations, Foreign Trade Policy and Export Control & Trade Sanctions. Our wealth of experience includes advising clients across sectors and countries. We have also represented various industry associations before the Ministry of Finance and its functionaries on various issues vexing business operations. Our experience also includes advising the Government on policy initiatives.

Our direct tax expertise covers all aspects of international and domestic tax matters including transfer pricing. Our team outlines commercially viable structures and suggests arrangements to clients so as to achieve objectives in a tax and regulatory efficient manner. We provide cutting edge and novel solutions to issues that emanate at the structuring stage of transactions with the view to provide forward looking tax strategies to clients. Our transfer pricing services offer solutions across industries and geographies with the focus on not only a comprehensive analysis but also on assisting clients in planning their transfer price. We are uniquely positioned amongst firms in India due to the added ability to advice on trade and customs. Our team has been trained internationally and is able to provide a broader perspective on matters and transactions to clients to mitigate risks in the future.

Our team routinely renders litigation services to clients. We assist and represent clients in both adjudication as well as appellate proceedings. We have handled cases from the stage of appearing before Assistant Commissioners right up-to the Supreme Court, with respect of various aspects such as dutiability, taxability, classification, valuation, exemption, refund and drawback. Our team has the expertise and ability to represent clients at various fora, including the Dispute Resolution panel and the Supreme Court of India.

Our integrated approach, wealth of experience, high-level partner involvement, in-depth knowledge, and comprehensive service offering has made us one of the most sought after firm for tax in India.

Services

Indirect Tax

Advice and assistance in relation to all kinds of issues, including complex transactions, having implications under the law of:

  • Service Tax
  • Value Added Tax / Sales Tax
  • Customs Duty
  • Central Excise
  • Entry Tax / Octroi
  • State Excise, and State incentive policy
  • Foreign Trade Policy, etc.
  • Export Control and Trade Sanctions

Advisory, transaction structuring and support services

Advice and assistance on policy initiatives and representations before Central and State Government authorities

Direct Tax and Transfer Pricing

International and Domestic Tax Advisory Services:
  • Inbound and outbound structuring
  • Designing entry strategy (types of presence)
  • Treaty interpretation
  • Investment and capital structuring
  • Structuring of revenue / capital flows such as dividend, royalty, fees for technical services, etc.
  • Formulating strategy for mitigating risk of Private Equity exposure of foreign corporations
  • Structuring of infrastructure and EPC contracts
Transfer Pricing Services:
  • Transfer pricing study and documentation
  • Inter-company transfer pricing policies for tangible goods, intangibles and services
  • Transfer pricing planning Services
  • International bench marking studies
  • Global documentation studies
  • Supply chain advisory
  • Analyzing existing policies to ascertain how these should be streamlined to meet the changing economic environment
  • Evaluating the positions taken in the past, in light of evolving tax positions
  • Representing before the tax authorities, appellate authorities (including Dispute Resolution Panel), etc.
Financial Planning Services:
  • M&A Advisory
  • Promoter off-shoring
  • Structuring for listing outside of India
  • Fund structuring
  • Carry structuring
  • Internal group restructuring
  • Transaction process support

Litigation:

ELP is routinely engaged in rendering litigation services. We assist and represent clients at various fora, including the Dispute Resolution panel and the Supreme Court of India.

Chambers Asia-Pacific 2016

"The responsiveness was outstanding; they went beyond the call of duty."

India Business Law Journal's February 2016 Issue

Economic Laws Practice is a go-to firm for both direct and indirect tax matters.

WorldECR Issue 51 (WorldECR Awards 2016)

'Hands-down the best in India,' is one glowing testimonial. 'They [ELP] work with almost anyone/everyone who deals in controlled sectors in India, one of the most critical countries/economies in the world today, they are unique is being both a "local" and such a globally-known specialised firm in this field.'

Chambers Asia-Pacific 2015

A fully comprehensive service with dedicated specialists in direct tax, indirect tax and disputes. Frequently instructed by sizeable global corporations and is especially experienced in cross-border corporate tax matters. Adept at advising on VAT and transfer pricing.

Chambers Asia-Pacific 2014

"Technically they are very qualified. The whole firm was extremely innovative – they found new ways to do standard things."

Tax Director's Handbook 2013

Economic Laws Practice has an 'excellent' reputation in the market, and possesses a 'strong, formidable' team.

Chambers Asia-Pacific 2013

"They are clear leaders in tax."

Asialaw Profiles 2013

"ELP has one of the largest and most dedicated tax team in the country"

Achievements

Taxation Firm of the Year in India Business Law Journal's Indian Law Firm Awards 2009 to 2015


Best Tax Firm of the Year in LegalEra Awards 2014 & 2015


Top Tier for Tax in Asialaw Profiles 2016


Top Tier for Tax in Chambers Asia-Pacific 2011 to 2016


Top Tier for Tax in The Legal 500 Asia-Pacific 2014 to 2016


Top Tier for Tax in Tax Directors Handbook 2014 to 2016


Winner of Export Controls/Sanctions Law Firm of the Year (Rest of the World) (the only law firm outside of USA and Europe to be awarded) in WorldECR Awards 2016


Best Transfer Pricing Firm in India in World Finance Legal Awards 2014



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