Abstract

In this article, the author reviews the legal provisions and landmark court decisions relating to the taxation of income from a composite contract entered into by a foreign company. He delineates the uncertainties surrounding the tax liability from such projects, which is the subject of much litigation. He concludes that a foreign company’s tax liability arising from the offshore supply and offshore services component of the composite contract is fairly settled, provided that the contractual documents are carefully drafted.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.