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Amit Baid is the Practice Head of Tax Advisory at BTG Advaya. He has 20+ years of extensive experience in Indian tax laws and has been advising clients spanning across sectors on tax structuring, planning, compliance, litigation, and dispute resolution.
Amit covers cross border M&A (buy and sell side), inbound and outbound investment structuring, business restructuring, transfer pricing, bilateral APAs, tax litigation / representation, compliances, expat policies, employment structuring, and due diligence. His experience also includes working on unilateral and bilateral APAs, setting up of a domestic Infrastructure Fund and AIFs in GIFT City IFSC.
Amit has worked with companies globally across diverse sectors including technology, banking and financial services, media and communications, energy, infrastructure and automobile etc. He has advised private equity funds in relation to their investments in, and exits from, portfolio companies in India, as well as on restructuring existing portfolio investments in India.
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Apart from his experience with Indian taxation, Amit has also been involved with direct tax regulations in Thailand, Indonesia, Mauritius, the Philippines, Vietnam, Pakistan, and Bangladesh.
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Amit started his career with Ernst & Young and thereafter led the tax team at Morgan Stanley’s India office for about 15 years. Amit has read commerce from St. Xavier’s College and is a qualified Chartered Accountant.
Practice Areas
Tax Regulatory
Corporate: Transactions and Restructuring
Sectors
Financial Services, Funds and Insurance
Impact organisations
Technology, Media, and Communications
| Select Experience
Banijay Asia
Advised on tax implications and compliance in the 100% acquisition of Endemol Shine India, a leading Indian content producing company and in restructuring their Indian entities.
First Citizens Bank
Currently advising on section 281 related tax NOC and bilateral APA related transfer pricing issues on the acquisition of the Indian entities of Silicon Valley Bank, which were part of the global transaction, where our client acquires assets of USD 110 billion, deposits of USD 56 billion and loans of USD 72 billion.
Uni-Pol
Advised on tax implications in relation to its acquisition by the Doncaster Group of Companies including computation of Indian indirect transfer related capital gains tax costs for the offshore shareholders.
NewCold
Advised on tax implications in their India entry strategy, including tax due diligence, in a transaction involving acquisition of a large land parcel from Lodha Group, a leading real estate company, for building cold storage facilities around Mumbai.
American IT services company
Advised on tax and transfer pricing issues (including implications pursuant to Indian indirect transfer provisions) relating to the sale of the acquirer’s global businesses, which included significant India operations to a leading private equity fund for USD 77.5 million.
Exxelia
Advised on tax structure and issues relating to acquisition of Alcon Electronics for ~USD 100 million.
Leading investment bank
Assisted in framing and implementing a Global Transfer Pricing policy for India.
Singapore company
Analyzed the substance of the entity from the perspective of India - Singapore tax treaty and the consequent capital gain exemption claim.
Financial Services Entity
Advised in restructuring the P-Note business and Fund structure of Institutional Equity and Fixed Income Division pursuant to GAAR
Offshoring entities
Analysing Permanent Establishment and Transfer Pricing implications (including filing of safe harbour applications) for various outsourcing entities.
