Taxation

Working closely with our corporate and M&A teams, we advise on all tax issues relating to mergers, acquisitions, divestments, and joint ventures, as well as on large-scale real estate deals for foreign and domestic investors.

Tax issues usually play a dominant role in structuring and implementation of corporate and group restructurings, such as spin-offs, split-ups, hive-downs, and mergers. When it comes to restructuring financially distressed companies, we advise clients on all tax aspects of debt consolidation and debt relief.

We advise both individual and corporate clients in their relationships with the tax authorities at every stage of a tax audit or dispute. Our team has also developed special skills in criminal tax law, tax offence proceedings and tax penalty procedures as well as tax disputes before tax authorities and judicial bodies.

Our team can advise on the VAT aspects of the supply of goods and services and VAT planning of sales structures. We also provide customs advice and meticulous planning for customs purposes, including the assessment of customs duties, customs compliance and customs procedures, having strong experience in understanding of special customs regimes (temporary imports, customs warehousing, etc.).

We can provide advice on taxation aspects of the products and services of private banking, investment banking, and venture capital, and any other products and services specific to the banking sector, insurance companies and financial institutions. Additionally, we also advise on taxation in various financing transactions, including the taxation of project financing, tax aspects of financial instruments and the taxation of lending operations.

Incentives are often used to stimulate FDI and can hold more value than the capital committed initially, with longer-term benefits including raised employment, exports and tax revenue. Our tax team is experienced in advising on fiscal incentives including those connected to some sort of tax break such as tax holidays or reduced tax rates as well as direct subsidies.

We have members of our tax team who are specialists in the taxation of energy enterprises, including the special tax regime for power plants, and have assisted with a number of reorganizations and acquisitions in the energy sector.

We help our clients to develop their employment tax strategy, including salary restructuring and benefits arrangements, such as salary sacrifice schemes, flexible working arrangements and cost-effective benefit schemes to reduce employer costs.

Our tax team can provide advice related to, inter alia, taxation of rental income, property taxation, capital gains taxation either in acquisitions or disposals, structuring real estate transactions, optimization of property-related taxes.