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| *Ostroff, Fair and Company>>>Other Taxes |
Contracting is subject of direct income taxe.supply isn't.what about supply and supervision on erection ? |
Article 107 -Taxable incomes of juristic entities and institutions shall be assessed as follows: In respect of ; a-contracting business[construction,installa... and installation ( including supply and setting up of said instances)]; b-Services as well as transportation, supply of building plans and installations, topography, drawing, technical supervision and estimates, giving of training and technical aid, transfer of technology and other services, at the rate of twelve per cent (12%) of total annual receipts, in all instances. A company have a contract for "(I)Supply and FOB delivery of Equipment for the Plant; and (II)Provision of Engineering and related Technical Documentation; and (III)Provision of Training of Buyer鈥檚 technical personnel; and (IV)Provision of Supervisory Services by Seller鈥檚 technical personnel at Site during Erection. Is this Contract "Supply Contract with some services"or"Contracting"Is it fully or partially subject of above Article? im too bored. sorry for not being able to help dude. |
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