Yesterday Sorainen was named “Baltic States Transfer Pricing Firm of the Year” by International Tax Review (ITR) at its annual award ceremony in London. This is the third time our Tax team has received recognition in this category, reflecting our long-term dedication to helping clients manage complex transfer pricing challenges across the Baltic region.
As Kaido Kunnnapas, co-head of our regional Tax team, explains: “Transfer pricing has become one of the defining pillars of international tax strategy and compliance. With regulations tightening, documentation requirements expanding, and tax authorities around the world monitoring cross-border arrangements, our clients face both risks and opportunities. This award recognises the depth of our experience, the creativity of our solutions, and – most importantly – the trust that clients place in us. We are grateful for our team’s dedication and proud to continue supporting businesses with transfer pricing excellence across the Baltics.”
Recent projects
Some of the recent matters where our Tax and Transfer Pricing teams have supported clients include:
- Bitus Latvia – advising one of the country’s largest timber producers on a complex multi-jurisdictional transfer pricing project involving related-party transactions across Latvia, Sweden, and Iceland.
- Nordcurrent Group – successfully representing the client before the Court of Justice of the European Union in a landmark case on dividend tax exemption, which overturned EUR 1 million in unjustly assessed taxes and set an important precedent across Europe.
- Ammunity – advising the shareholders of the Latvian small-calibre ammunition manufacturer on the sale of 100% of their shares to Sweden’s Astor Group AB, including providing tax advice in this strategic defence-sector deal.
- New Nordic Asset Management – assisting with licensing and registration as a small fund manager in Estonia, supporting the client with fund establishment, regulatory compliance, and tax matters for investments in defence technology and cyber security startups.
A market-leading tax practice
Sorainen has the largest tax team in the Baltics, with more than 25 professionals based across Estonia, Latvia and Lithuania. We provide integrated legal and tax services, supporting clients in dealings with tax authorities, disputes, complex structuring, advance pricing agreements, transfer pricing, family estate planning, and tax issues related to innovative business models such as digital economy and crypto.
We stand out in the region by offering a full-scope taxation due diligence and transfer pricing service line, including benchmarking searches for TP documentation and compliance. This makes us a trusted partner for internationally known blue-chip companies, unicorns, startups and private clients.
Our Tax practice is consistently recognised as topping international rankings:
- Chambers Europe: Tier 1 in Latvia and Lithuania for more than 12 years consecutively.
- The Legal 500: Tier 1 in Estonia since the research began; Tier 1 in Lithuania and Latvia for over 15 years.
- Kantar Prospera 2025: Ranked first across the Baltics in the competence scoreboards for the area of tax practice.
As a long-standing member of WTS Global and other leading tax organisations, we ensure our clients benefit from the latest international developments in taxation.
For more information about our tax practice, please contact:
Regional co-head of Tax team, Estonia
Regional co-head of Tax team, Lithuania
Partner, Latvia
Partner, Latvia
