CYIL vol. 13 (2022)

MARCELA HRADECKÁ

CYIL 13 ȍ2022Ȏ

Conclusion Multilateral international trade transactions are a desirable type of deals of the present time, not only from a national economic point of view, but also at the level of factories and plants, i.e., business entities, where it is necessary to look for savings on the cost side in particular, after the covid era and now in the light of the inflationary times. Calculations of the full cost of sales and delivery of goods are becoming increasingly complex, and the cost of transportation of the goods is a large part of this calculation. For these reasons, triangular transactions are very attractive but very complex from a tax point of view and it may be advisable not to underestimate the preparation of the entire business transaction well in advance. A suitable tool is an internal corporate guideline, which sets out all the important points which must be fulfilled before concluding an international transaction, i.e., from identification and verification of the business partner to the conclusion of a very precisely drafted written contract of purchase with all the details and, from a tax point of view, with all the obligations and specification of the particular responsible persons, so that all parties to the contract can know in advance what their tax obligations are and thus can avoid tax evasions and tax liabilities in virtue of “should-have-known” offences.

370