India’s Authority for Advance Ruling has sent a warning that taxpayers will have to be more cautious in structuring and evaluating the tax implications of engineering, procurement and construction (EPC) contracts that involve offshore supply of equipments by foreign suppliers/EPC contractors to Indian parties.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year