Legal Question in Tax Law in California
Sub-Contracting in US
Hi,
I am working in a software company.My Company intends to place sub-contracted engineers to our client in US. Please let me know what will be the taxes Implication for my company
Asked on 6/03/08, 9:22 am
2 Answers from Attorneys
Manish Dhingra
Legal
Re: Sub-Contracting in US
Your company will be charging US client on hourly basis with a mark-up. This mark-up will be your company's profit and will be taxed at the rate of 33% (corporate tax).
This type of arrangement is called 1099 or Corp-to-Corp in US.
Answered on 6/03/08, 3:37 pm
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Sub-Contracting in US
Your profits will be charged at 33% tax.
Answered on 6/16/08, 3:05 pm
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