Vice President And Group Head - Global Taxation
Responsible for setting up centralized international tax department based out of Bangalore, India.Krishnan was responsible for filing corporate income tax returns in about 30 countries and paying income tax within the due dates. He has established appropriate tax filing methods supported by Transfer Pricing studies. He has personally managed income tax audits across USA, UK, Belgium, Canada, Germany, France, Netherlands, Japan, Singapore, Australia, etc., very efficiently. He settled a… Show more Responsible for setting up centralized international tax department based out of Bangalore, India.Krishnan was responsible for filing corporate income tax returns in about 30 countries and paying income tax within the due dates. He has established appropriate tax filing methods supported by Transfer Pricing studies. He has personally managed income tax audits across USA, UK, Belgium, Canada, Germany, France, Netherlands, Japan, Singapore, Australia, etc., very efficiently. He settled a corporate tax audit in Japan through a Mutual Agreement Procedure involving the Competent Tax Authorities of India and Japan. During this process, he worked closely with the Government of India in reducing the withholding tax rate on Royalties and FTS as per the DTAA between India and Japan from 20% to 10%.Krishnan has also personally managed income tax audits in many States in the US like California, New York, New Jersey, Washington and other states. He has successfully contested against the customary allocation percentage method followed by New York State Income-tax authorities. He was also successful in contesting the distortion in the calculation of California income under the apportionment and allocation provisions of California Revenue and Taxation Code Section 25128. Krishnan has significant knowledge and experience in the transaction tax compliance regime such as Sales Tax, VAT, Goods and Services Tax (GST), Consumption Tax and such else. He has set up processes for charging appropriate transaction taxes on invoices.Krishnan has leveraged employee tax benefits such as the Dispensation Scheme in the UK, LAFHA in Australia, 30% ruling in the Netherlands, Special Expat benefits, etc., while designing the compensation structure for employees deputed to foreign countries. He has also obtained social security exemptions for deputed employees.He was one of the founding members of the Bangalore Branch of the International Fiscal Association (IFA). Show less
