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Business Tax Services
Growing businesses need strong tax management to meet current and future tax liabilities and we can help you achieve this, whatever challenges you face.
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Private Client Consulting
Private Client Consulting team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.
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International Tax Services
In an ever-increasing environment of global competition, businesses must now cope with not only the complexity of different global operating environments, but also with global tax, legislative and corporate regulatory requirements.
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Transaction Tax
We provide total support from the early due diligence stage right through to implementation of the post-transaction structure, considering not only the tax impact but also assisting with business valuations and planning the business restructuring.
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Corporate Finance
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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IPO Consulting
From business incubation to public stock offering, Grant Thornton Taiyo Inc. offers a wide range of support programsservices for every stage of business development.
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International financial reporting standards (IFRS)
Our IFRS advisers can help you navigate the complexity of the Standards so you can focus your time and effort on running your business.
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Reorganizations
Grant Thornton Taiyo Inc. provides total support for corporate restructuring; aimed atto responding to dramatic changes in the management environment.
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Corporate governance and risk management
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Forensic and investigation services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Market research
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Strategy
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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China Business and Tax Advisory Services
Grant Thornton Taiyo Tax Corporation takes the worry out of doing business in China, working closely with Grant Thornton member firms and other professional accounting firms in China.
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Human Capital
With expertise visa, payroll, human capital and income tax, Grant Thornton Taiyo Human Capital Corporation adopts a multi-disciplinary and global approach to provide comprehensive solutions to businesses with respect to their most valuable asset, people.
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Business Process Re-engineering
“Business improvement” aims to gradually increase efficiency through a reduction in errors and improvement in the quality of work.
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Forensic and investigation services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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International financial reporting standards (IFRS)
Our IFRS advisers can help you navigate the complexity of the Standards so you can focus your time and effort on running your business.
Audit Support
Services
Having an appropriate transfer pricing policy and supporting documentation in place is the most critical part of achieving a favorable audit result, or to reduce the risk of being selected for a full-scale transfer pricing audit.
Background on Transfer Pricing Audits
The NTA typically undertakes a preliminary inquiry to determine whether a taxpayer is an appropriate target for a transfer pricing audit. This normally takes several months. If selected for a full scale audit, the process may take from 1 to 3 years. During the audit period, the taxpayer can expect to be active in negotiating with the audit examiner and meeting examiner requests. Information available to NTA examiners and considered during this target selection process includes (i) shrinking profits or persistent losses in Japan; (ii) intangible transactions or intra-group services; (iii) changes in transfer pricing method; and (iv) transactions with a related party in a tax haven or low-tax jurisdiction.
The NTA does not publicize the specifics of its criteria for selecting transfer pricing audit targets, but the applicable administrative guidelines require that NTA examiners carrying out transfer pricing audits consider documents describing the relationship between the taxpayer and the foreign related person, the specifics of the transaction in question, and the selection methodology of comparables and transfer pricing method. For assessments, examiners are directed to consider operating and gross profit margins against internal or external comparables and in light of the functions performed and risks borne by each entity. Japan’s tax authority puts less emphasis on assets employed than other jurisdictions. A transfer pricing assessment may go back 6 years – double the period allowed for general corporate tax assessments.
Audit Support Services
For companies facing a transfer pricing audit, our transfer pricing team can assist with:
- Early identification of high risk target transactions
- Quantifying potential assessments
- Devising appropriate countermeasures and defense strategies
- Participation at on-site audits
- Negotiating assessments and other issues