Tax & Customs Experience

TAX DISPUTES

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Industriālais Termināls

The first ever VAT matter decided by the Latvian Constitutional Court on the timing for introducing the statute of limitation period for recovery of overpaid VAT

 

Representation in overturning a decision by the Latvian taxation authorities to impose withholding tax and penalties on consulting fees

 

Court dispute on an assessment by the Estonian Tax and Customs board for EUR 1.25 million VAT and corporate income tax

Representaion in a complex pre-court EUR 200,000 dispute with tax authorities on attribution of expenses to a Lithuanian permanent establishment

 

 

 

Advice in precedent cases on the constitutionality of sales tax imposed by the City of Tallinn, Estonia

 

 

Advice in disputes with the City of Tallinn, Estonia over advertising tax imposed on outdoor signs and notifications of taxpayers

 

 

TAX STRUCTURING

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Advice on tax structuring and other taxation issues related to the Visaginas nuclear power plant project in Lithuania

 

 

Advice on tax aspects of restructuring and possibilities for tax savings in relation to operations in Estonia

 

 

Advice on VAT planning related to deductibility of input VAT as well as other tax structuring of an investment in Lithuania

 

Assistance on VAT and permanent establishment risk planning of cross-border supplies and financing of acquisition of trucks resulting from intra-group transfer of business

 

 

Advice related to acquisition of Ūkio Bankas assets and subsidiaries (a “good bank”) with a total transaction value of approx EUR 782 million

 

 

Assistance at all stages of launching and developing activities, including tax structuring and representation in a difficult tax investigation

 

 

Advice on opening a shared services centre in Lithuania

 

Tax advice on financing the buyer, Baltics Credit Solutions Latvia, of performing and non-performing credit portfolios from Latvijas Krājbanka, which is in insolvent liquidation

 

 

Tax structuring for the Latvian Football federation on construction of a new stadium financed by UEFA, in cooperation with the potential constructor and Riga municipality

 

 

Tax advice on transfer of the client’s Baltic banking business, operated by Nordea Bank Finland in Estonia, Latvia and Lithuania, to its Swedish parent company Nordea Bank

 

Assistance in determining tax consequences of corporate restructuring and payments to shareholders

Apalon technologies

Tax advice in Belarus on sale of its mobile applications business to a NASDAQ-listed company

 

Bank of Moscow

Tax advice on the sale of its Belarus subsidiary, Bank Moscow-Minsk, to the Belarusian state

 

Consortium consisting of Ramboll and CORIT Advisory

Performing a study for the European Commission on whether there is sufficient law in the Baltic States to tackle Aggressive Tax Planning schemes

 

TRANSFER PRICING

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Advice on compliance with Estonian, Latvian and Lithuanian transfer pricing documentation requirements and on minimising TP risks

 

 

Advice on extensive transfer pricing documentation to justify pricing in eight related-party transactions

 

 

Preparing transfer pricing documentation

 

LOBBYING

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Association representing many of the largest companies in Latvia

Developing ideas on improving Latvian corporate income tax law

 

 

Ministry of Finance

Assistance in preparing changes to the Law on Personal Income Tax related to taxation of state bonds

 

 

Major global producer of electronic goods

Lobbying introduction of reverse charge VAT for electronic and IT devices

 

>>> See also latest Tax&Customs transactions which we advised 

>>> SORAINEN CUSTOMS EXPERIENCE IN THE BALTICS

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