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M&A and CorporateRegulatory & Competition
Provided cross-border services of tax due diligence to shareholders of the leading 59 restaurant chain in the Baltic States, Cili Holdings, on a sale of business (2013);
Provided tax advisory services in relation to permanent establishment to one of Japan’s biggest banks (2013);
Counselled one of the largest global healthy food and confectionary manufacturers regarding evidence proving the existence of permanent establishment in Lithuania, as well as on tax issues related to business development through already operating trade departments (2013);
Represented Klaipedos nafta, the manager of modern oil terminal and EUR 700 million LNG terminal development project, in a dispute with a third party service provider regarding cross-border VAT issues (2011–2013);
Advised a global personal care products producer Kimberly Clark on tax issues in Lithuania, Latvia and Estonia in the Kimberly-Clark’s activity expansion in the Baltic States (2012);
During a taxation dispute drafted statements of claim and responses in the case against the State Tax Inspectorate regarding transfer pricing, the amount of the dispute was LTL 3.6 million (2012);
Won two tax cases in connection with land sale taxation with the VAT, the amount of the dispute was LTL 4 million (2012);
Represented a client when the STI started its taxation inspection, the preliminary amount of taxes and sanction is LTL 14.9 million (2012);
Prepared a request for the tax administrator to make a binding ruling about application of tax laws when one sells insurance business, requests about the contradiction of laws while assessing the value of inherited property, about contradiction of laws in regulating the personal income tax when shares are transferred in case of reorganisation of companies, proposals for the tax administrator to agree on taxation amounts (2012);
Drafted memoranda regarding the optimal structure of a foreign entity in Lithuania from the taxation point of view, regarding the risk of recognition of a permanent establishment, regarding business organisation risks, taxation implications of terminating financial lease agreements, regarding features of labour relations in agreements on individual activity (2012);
Gave private training to clients of the firm on the subject “The latest tendencies of the STI control in 2012 – what you need to know and how you should react”, “Individual activity or employment contract: let’s assess taxation risks” (2012), in cooperation with the American Chamber of Commerce led training to clients “Changes of the Law on Personal Income Tax Effective from 2014” (2013).
TGS Baltic assisted Belgian investment group Straco with the acquisition of the horticulture company AS Greenyard Horticulture Latvia from Greenyard as a part of acquisition of its horticulture segment.