Greenfield investments present a high level of complexity, with effective risk management and strategic planning serving as critical factors in the early-on decision-making process for the investments.
Your key questions, challenges and objectives
- You are expanding your business into Germany and your operations require significant construction work
- You are dealing with various suppliers for the construction of your new facilities
- Under German tax rules, you will have to deal with construction withholding tax implications when it comes to paying your suppliers for construction work
- Depending on the situation, you may have to withhold certain taxes from your supplier bills and remit them to the tax authorities
- Having a process for construction withholding tax is important to ensure that you do not experience any unforeseen delays in your construction work because of tax issues
How we support
- In an initial workshop we can determine where you and your team stand and fill any potential knowledge gaps on German construction withholding tax
- We can assist you in establishing an internal process for you to handle your construction withholding tax compliance
- As an alternative, you can outsource the process to us, and we take care of it for you
Christian Schmid
Partner, Tax, International Tax, Country specialist USA
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 89 9282-1395 Christian
Schmid
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Get in touch for further questions
Andreas Glunz
Managing Partner International Business
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 211 475 7127 Andreas
Glunz
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Joachim von Prittwitz
Markets, International Business
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 30 2068-4195 Joachim
von Prittwitz
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