Global tax compliance refers to the adherence of
individuals and businesses to tax laws and regulations across multiple jurisdictions
worldwide. With globalization, international trade, and digitalization of economies,
tax compliance has become increasingly complex as businesses and individuals operate
across borders.

Key aspects of global tax compliance
include

• 1. Understanding Tax Laws
  
• 2. Tax Reporting and Filing
• 3. Transfer Pricing
• 4. Tax Treaties and Double Taxation Relief
  
• 5. Cross-border Transactions
• 6. Value Added Tax (VAT)/Goods and Services
  Tax (GST)
• 7. Tax Planning and Optimization
• 8. Compliance Technology
• 9. Penalties and Enforcement
• 10. Tax Transparency and Reporting
  Obligations

• 
  
  
  Transfer Pricing refers to the pricing of
  goods, services, or intangible assets transferred within multinational
  corporations or related entities. It’s crucial for companies to adhere to
  arm’s length principles, ensuring transactions between affiliated entities
  are priced fairly as they would be between unrelated parties. Transfer
  pricing advisory involves providing guidance on setting appropriate transfer
  prices to comply with tax regulations and optimize overall profitability.
  
• 
  
  
  A transfer pricing study examines the
  pricing of transactions between related two or more associates. By applying
  and documenting various test methods, it is determined whether the
  transactions are conducted under market conditions and survive the scrutiny
  of tax authorities. A study of transfer pricing shall justify how a
  particular method is selected for enterprises and transactions being
  reviewed.

• 
  
  
  Analyzing Double Tax Avoidance Agreements
  (DTAAs) is crucial for businesses and individuals engaged in cross-border
  activities to manage their tax liabilities effectively. These agreements are
  bilateral or multilateral treaties between countries aimed at preventing
  double taxation of income earned in one country by a resident of another
  country.
  
• 
  
  
  The analysis of DTAAs involves a
  comprehensive review of the provisions within these agreements to understand
  how different types of income, such as dividends, interest, royalties, and
  capital gains, are taxed in each jurisdiction. It also entails determining
  tax residency status based on specified criteria like physical presence,
  place of incorporation, or management control.
• 
  
  
  One key aspect of DTAA analysis is examining
  the methods provided by the agreement to avoid double taxation, such as the
  exemption method, credit method, or deduction method. Understanding these
  methods helps taxpayers optimize their tax positions and comply with the
  relevant tax laws.