We can no longer deny that globalization has impacted greatly on many spheres today. The main players in the global arena are no longer multinationals whose turnover run into billions of euros. Rather, individuals and companies that are small and medium-sized have also muscled their way into this arena.
While the benefits brought about by globalization are innumerable, it has also created so many tax and legal challenges. There are different jurisdictions with varying legal and tax requirements. These tax requirements are majorly for protecting and increasing their tax revenues. Cross-border transactions and trade pose a great challenge to this scenario.
The firm will help in addressing the complexity of international laws regarding tax and offer suggestions on how to restructure tax and flag risks that the companies are exposing themselves to.
Companies are also encouraged to take advantage of our experience when they are setting shop in a foreign country.
Services offered by the international taxation Hamburg Law consultant
International Structures Consultancy
Under this area, the law office assists companies with choosing a suitable location, optimization of tax in the planned cross-border services, assisting with relief regarding withholding taxes, assisting with the organization of financing structures for intra-group and offering advice on offsetting losses in a cross-border scenario.
Tax Administration income
The firm helps in identification of tax risks, drawing a foreign and domestic tax compliance strategy, review of options available so that administration is made simple like having the investment in a foreign country restructured.
Tax Advisory: Both in and outbound
Offering advisory services to companies about local tax issues, drawing transfer pricing policies and helping companies meet and comply with tax obligations in every area or state.
Helping in the review of how investments made abroad impacts on the domestic tax obligations of the companies and optimizing of tax for cross-border investments.
Help structure the policies and systems around transfer pricing, preparation, and updating of documentation related to transfer pricing as per the law and following up on the APA (Advance Pricing Agreements) with tax regimes both domestic and foreign.
The office also helps iron out disputes in case there are tax functions that are in duplicate.
Taxation of Individuals who are abroad
Dealing and advising on areas around income which is earned abroad so that there is no double taxation, income law advising on taxation for people exiting on every local estate, the impact of relocating assets from the place, the impact of inheritance-related taxes and how to avoid foreign assets such as bequests and gifts being double taxed.
In conclusion, it is advised for companies to focus on their core business and leave everything else to international taxation Hamburg law consultant that are capable and ready to walk with clients in matters relating tax and law.