Taxes: A Tailored Approach to Your Business
At Summit, we believe that tax services are fundamentally personal. Our commitment is to deeply understand your business, ensuring you receive equitable tax treatment. This personalized approach is our promise to you. Our distinguished team, equipped with extensive experience across various tax types and supported by global resources, is dedicated to safeguarding your business, no matter its location. Don't let tax complexities hinder your expansion and growth.
Our Comprehensive Tax Services:
1. Corporate Income Tax: The intricate and challenging tax landscape demands a trusted advisor. We guide your business through corporate income tax, capital gains, dividend distribution, resident and non-resident withholding taxes, and all essential reporting obligations. Our experienced partners and staff ensure your business remains fully compliant with tax laws.
2. Individual Income Tax: Understanding payroll tax, a key determinant of overall salary scales, is crucial. Our team will help you navigate taxable and exempt benefits, the handling of end-of-service payments, the treatment of expatriate compensation, and compliance with all reporting requirements for your company.
3. Value Added Tax (VAT): VAT, a prevalent indirect tax globally, applies to most goods and services (with specific exemptions under Law No. 67/2016). While it may seem complex, our VAT team clarifies its nuances, addressing common questions regarding tax schedules, deductibility, voluntary registration, VAT reclamation procedures, and the treatment of exported goods and services.
4. Tax Compliance and Due Diligence: Is your business fully compliant with tax requirements? Are you exposed to risks due to non-compliance? Our experienced staff and tax partners provide independent self-assessments for parent companies, headquarters, and governance committees. Tax due diligence is also vital in corporate acquisition transactions, offering new investors a comprehensive understanding of potential tax risks.
The concept of transfer pricing is now a global focus for governments aiming to combat tax evasion and profit shifting. Under income tax provisions, related-party transactions (royalties, interest, goods, and services) must reflect arm's-length pricing. Our specialized department within the Creston Network can help you determine appropriate arm's-length pricing within your group and benchmark various transactions across your sector.
Tax Planning: Regardless of your business stage—whether a startup, a mature enterprise, a transnational corporation, or a company pursuing sustainable growth—a clear vision for the future is essential to identify opportunities and risks. Tax planning is crucial for your company to leverage tax incentives, achieve significant tax savings, and avoid high tax exposures. For more detailed insights, please refer to our article: "A Guide to Dealing with the New Tax Laws in Egypt."
