Income Tax
This area of tax law focuses on the taxation of individuals’ and entities’ income, including wages, salaries, self-employment income, rental income, and investment income. It covers the determination of taxable income, applicable tax rates, deductions, credits, and reporting requirements.
Corporate Tax
This aspect deals with the taxation of profits earned by corporations and other business entities. It encompasses issues such as the determination of taxable income, deductions, tax rates, tax incentives, transfer pricing, and reporting requirements specific to corporate entities.
Value Added Tax (VAT) and Sales Tax
VAT/Sales tax law pertains to the taxation of goods and services at each stage of production and distribution. It covers the registration and collection of VAT/Sales tax by businesses, input tax credits, exemptions, threshold limits, and compliance obligations related to VAT/Sales tax reporting.
Capital Gains Tax
This area focuses on the taxation of the profits arising from the sale or disposal of capital assets, such as real estate, stocks, bonds, and business assets. It involves determining the taxable gains, applicable rates, exemptions, and reporting requirements for capital gains.
Inheritance Tax
This aspect deals with the taxation of estates and gifts transferred upon death or during a person’s lifetime. It covers the determination of taxable value, tax rates, exemptions, reliefs, and compliance obligations related to inheritance tax.
International Taxation
This area addresses the tax implications of cross-border transactions, investments, and income earned by individuals and entities operating in multiple jurisdictions. It involves issues such as double taxation agreements, transfer pricing, controlled foreign corporation rules, and foreign tax credits.
Tax Planning and Structuring
This aspect focuses on legally organising financial affairs and transactions to minimise tax liabilities. It involves utilizing tax-efficient strategies, entity selection, investment planning, and utilising available tax incentives and deductions.
Tax Compliance and Reporting
This area deals with the obligations of individuals and businesses to comply with tax laws, file tax returns, and maintain adequate records. It includes meeting deadlines, fulfilling disclosure requirements, responding to tax audits, and addressing tax reporting obligations.
Tax Dispute Resolution
This aspect involves the procedures and mechanisms for resolving disputes and disagreements between taxpayers and tax authorities. It includes administrative appeals, negotiation, alternative dispute resolution methods, and litigation in tax courts or tribunals.
Tax Policy and Legislation
This area focuses on the development and implementation of tax policies and the enactment of tax legislation. It involves analyzing economic impacts, studying tax incentives, and proposing changes to tax laws to achieve desired social and economic objectives.