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Tax consequences for the High-Speed Rails
We have analysed the tax and legal consequences for the consortium that will be working on the feasibility study for the High-Speed Rails. The realisation of large projects by consortiums with foreign entities requires meticulous analyses with respect to the settlements. At first it is essential to establish whether the foreign company as a leader of the consortium should issue the invoices for the Orderer with VAT or without. Mutual settlements between the members of the consortium are another issue. A thorough analysis of the project supported with the interpretation of the Minister of Finance allows for eliminating the tax risk related with projects of this kind.