| BUSINESS ASSOCIATES |
| We have strategic alliance with number of firms across the world which enables us to provide global professional exposure to our Clients. At the same time, clients of our associates network are also benefited on account of such vide range of professional services offered by our network. |
| A brief summary on offerings of our Business Associates with their contact details is tabulated hereunder. You may visit their web site to get more information. You may contact directly to the concerned officer or can ask our representative in India, so that we can initiate a dialogue with the concerned representative of our Business Associate. |
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| Studio Gazzani is an Italian Accounting and Consulting firm operative since 1956. The firm is having offices in Verona, Isola Della Scala and Milan. The firm
has developed dedicated resources that focus on the audit, tax compliance and planning, and business advisory needs of middle market businesses, private companies and their owners. |
| The firm is providing following services: |
- Advice and Accounting Audit
- Tax Advise
- Small and Medium Business Assistance
- Family Estate Management
- Management & Advise
- Legal Advice
- Consulting
- No profit Sector
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| »ITALIAN CLIENTS AND THEIR INDIAN VENTURE
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| Strategic alliance between Studio Gazzani and BT Associates is helping renowned Italian Companies to Invest in India in Real Estate, Furniture, Cosmetics, Paper Boxes and other sector. |
| The alliance is also working towards promoting RISITALY’2007, a rice fair in Verona in September’2007 |
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| Contact person |
Mr. Massimo Gazzani |
| Address |
| 37122 Verona |
| Via Dei Mutilati, 3 |
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| Phone no |
++39-(0)45-8006974 |
| Fax |
++39-(0)45-8011522 |
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SWISS FIRM WITH SET UP IN EUROPE |
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| Federico De Vittori is a Swizerland based firm providing following services. The firm is having offices in London, Luxembourg, Marbella, Milan, Rome, Sanghai and Sofia. |
- Incorporation and management of companies
- Administrators at disposal
- International contracts
- Business center services
- Administrative and accountancy services
- Representation Services
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| Contact person |
Mr. Federico De Vittori |
| Address |
| Federico De Vittori SA |
| Viale Stefano Franscini |
| 17 6900 Lungano |
| Switzerland |
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| Phone no |
++41-(0)91-912 3000 |
| Fax |
++41-(0)91-912 3001 |
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GERMAN VAT REFUND FOR INDIAN COMPANIES
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| We have a strategic alliance with Mr. Bernd Burgmaier, who helps Indian Companies to recover German VAT. Indian Companies participate in various events such as Trade Fair, Trade Shows in |
| Germany incur VAT on consumption of various services such as: |
- VAT paid on participation fees of Trade Show, Trade Fair
- VAT paid on Hotel Accommodation
- VAT paid on Restaurant Expenses
- VAT paid on Seminar & Conference
- VAT paid on Transportation cost etc...
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| » HOW TO RECOVER VAT PAID IN GERMANY: |
| In Principle there is a simplification procedure for foreign companies to recover the VAT. However, due to lack of reciprocity agreement between India and Germany regarding VAT refunds, such refunds are not available as per Clause 18 Section 9 Sentence 6 of German VAT Code. |
| Thus, VAT refund is available to Indian Companies through normal VAT refund procedure, which requires Indian Companies to register with VAT authorities. After VAT registration, Indian Company would be required to declare at least one taxable turnover for each refund period. The easiest way of showing a taxable turnover would be by making an import of some Goods to Germany and selling them subsequently to a customer in Germany. The sale would be made under the cover of prescribed invoice to be issued from German Business Premises of Indian Company. Under the said Invoice you would be required to pay German VAT which may be set off with Input VAT (being in respect of services consumed as referred here-in-above) |
| ILLUSTRATION TO SHOW HOW IT WORKS |
| Input VAT (Trade show, Trade fair etc..) |
€ 10.000 |
Import VAT to be paid on Importation of goods (€ 5.000 x 16%) |
€ 800 |
| Goods sold to customers in Germany for € 5.000 plus VAT 16% and recovered the whole amount from Customer
After aforesaid transactions, Import VAT of € 800 would be set off against Turnover VAT of € 800 and Hence Input VAT of € 10,000 would be available as Refund |
€ 5.800 |
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| » PROPOSAL: |
| From the aforesaid details, you may understand that there would be upfront cost towards registration with VAT Authorities in Germany, carrying out formalities as regards import and its subsequent sale thereof to customers in Germany etc. The aforesaid activities |
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| Contact person |
Mr. Bernd Burgmaier |
| Dr. Sommer & Burgmaier |
| Address |
| Sophienstrasse 3 |
| D-80333 Munich |
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| Phone no |
++49-(0)89-71 99 8450
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| Fax |
++49-(0)89-78 01 6691 |
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