On 15 September, International Tax Review (ITR) presented Sorainen with the Baltic States Tax Firm of the Year award. Our team received this recognition now for the tenth time since ITR established the Baltic category in its European awards in 2010.
Says Jānis Taukačs, head of our regional Tax team: “There are amazingly strong tax teams in the Baltics and it made me think – what is the main reason for clients to keep coming back to us with their most complex tax issues. It is clearly a team effort of around thirty tax professionals across the region. But it is also a much bigger team of over 250 Sorainen lawyers and a strong international tax network to support our clients in their international affairs with cross-discipline collaboration. Everything comes with a passion for knowledge, hard work and love, and there are no shortcuts.”
Major projects in the Baltics
The award speaks of our ability to support our clients in complex projects in the Baltic market such as:
- Legal and tax advice to the Temnikova & Kasela Art Gallery on the first ever NFT project in the Estonian art scene.
- Helping clients obtain full compliance with international reporting obligations under Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), and EU DAC6 regulations.
- Assisting Benita Danilenko (Benvidan), the owner of Domenikss – the representative of Mercedes-Benz in Latvia – with the sale of the company to Veho.
- Assisting prominent Lithuanian startups and leading global companies with subsidiaries in Lithuania relating to the structuring of stock option plans, the implementation of various incentive programmes with features similar to those of stock option plans, obtaining positive rulings from the competent authorities, developing the practice relating to stock option plans, and allowing companies to enjoy a favourable tax regime.
ITR award – one of the most valued recognitions for tax experts
Euromoney’s ITR tax award is the most prestigious in the tax world. Each year independent ITR editorial staff and tax law professors, consulting practitioners and tax executives from companies around Europe evaluate firms and present awards based on criteria such as size, innovation, complexity and impact.