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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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort