Cobalt’s practice group handles the full spectrum of tax matters for both domestic and multinational companies. The team has extensive experience covering matters involving shares and green bonds, as well as handling high-value tax disputes before the State Revenue Service. VAT, customs duties, and cross-border structuring are also areas in which the team excels. Tax litigator and structuring expert Sandija Novicka leads the team. Sabīne Vuškāne covers tax disputes and compliance issues. Senior associate Elīna Ločmele is noted for her relevant expertise in M&A and restructuring matters.
Tax in Latvia
Cobalt
Praxisleiter:
Sandija Novicka
Weitere Kernanwälte:
Sabīne Vuškāne; Elīna Ločmele
Referenzen
‘Cobalt was focused and professional.’
‘Practitioners are very professional, experienced, hands on, practical. Pleasure to work with such professionals.’
‘Sandija Novicka was able to prepare documents for submission to the Latvian tax authority which required an understanding of the gaps in Latvian tax legislation, from the perspective of international law.’
Kernmandanten
Dinex Latvia
BaltCap
Civinity
BAUER Spezialtiefbau GmbH
Eolus
Vizii Urban
Linstow
Lokalise
LSC SIA
Ergo
Roche
Highlight-Mandate
- Successfully represented the client in a dispute with the State Revenue Service regarding the taxation of a transaction concerning agricultural land.
- Advised Augstsprieguma tīkls AS, the Latvian transmission of energy system operator, on taxation matters related to the issuance of €100m seven-year green bonds.
- Advised Nutricia on the tax aspects of the Danone intra-group restructuring in Latvia, incorporating Danone SIA into Nutricia SIA.
Sorainen
Sorainen handles a range of tax-related mandates, ranging from VAT deductions, compliance issues, and share option structurings, all the way through to complex litigations. Practice head Jānis Taukačs is a widely recognised name within the tax and customs fields, with experience spanning across all industries. Counsel Aija Lasmane brings expertise in international tax, risk management and M&A deals to the group. Dace Everte and Kristīne Erele are also key names; the former has in-house experience with the Latvian tax authorities, while the latter has particular expertise in indirect taxes and customs. Nauris Grigals rounds out the roster of recommended practitioners.
Praxisleiter:
Jānis Taukačs
Weitere Kernanwälte:
Aija Lasmane; Dace Everte; Kristīne Erele; Nauris Grigals
Kernmandanten
Aswell
Indexo IPAS
Merks
B.S.L. Infra Pilnsabiedrība
SIA Byko-Lat
Highlight-Mandate
- Assisting IPAS INDEXO with the development and implementation of a share option plan for the management and employees of the company.
- Advised Merks on the VAT treatment of a specific marketing campaign.
- Advised Byko-Lat on the group’s financing model.
BDO Law
BDO Law‘s tax department fields an experienced team of specialists. The department is co-headed by duo Vita Liberte and Jānis Zelmenis, who have experience advising a broad range of public and private clients, including high-net-worth individuals and venture capital funds, between them. The team is noted for its skill on domestic and cross-border matters, combined with its wide service offering which includes advice on M&A, VAT, compliance, and corporate income tax issues. Associate Arturs Radzivilcuks focuses on indirect taxes and tax risk management. Svetlana Nesinova is another key contact.
Praxisleiter:
Vita Liberte; Jānis Zelmenis
Weitere Kernanwälte:
Arturs Radzivilcuks; Svetlana Nesinova
Ellex
The deeply integrated tax team at Ellex is well versed in assisting multinationals and blue-chip companies with foreign investments, structuring, and more general day-to-day tax matters. Acquisitions, project financings, and implementations of employee equity participation plans are also areas of expertise, with several recent matters taking place in the real estate and financial services sectors. Senior counsel Eduards Dzintars heads up the team, leveraging his wide-reaching experience in tax disputes and cross-border transactions. Head of real estate Ivars Pommers, and co-founders Filips Klavins and Raimonds Slaidiņš also support.
Praxisleiter:
Eduards Dzintars
Weitere Kernanwälte:
Ivars Pommers; Filips Klavins; Raimonds Slaidiņš
Referenzen
‘Good practice for: listening to our needs, providing professional advice, speedy responses.’
‘Alert and quick responses make us feel prioritised and well-served.’
‘Eduards Dzintars is a very business-minded lawyer who provides comprehensive tax advice.’
Kernmandanten
Printful
Sanofi
Whirlpool
Booking.com
Coca-Cola HBC
Nokia
Citibank
Accenture
Intel
Danone
Henkel
Airbnb
L’Oréal
PayRay
Saint Gobain
Highlight-Mandate
- Advising Eesti Gaas on signing an agreement with Latvijas Gāze to acquire Gaso for €120m.
- Advising Printful on various tax matters.
- Advising Draugiem Group on investing €1.14m in cosmetics company Prime Prometics.
Eversheds Sutherland Bitans
Eversheds Sutherland Bitāns‘ tax practice group is known for its involvement with cross-border transaction structuring, and its marked strengths in the real estate, and banking and finance sectors. Work often involves complex risk and due diligence assessments, as well as assistance with indirect and income tax matters. Team lead Anete Marhele also has extensive experience handling tax disputes, and regularly represents clients before the State Revenue Service, as well as other national bodies. The tax team is also regularly assisted by Ilze Kramiņa, co-head of real estate and construction, and Māris Vainovskis, who provides support with banking and commercial issues.
Praxisleiter:
Anete Marhele
Weitere Kernanwälte:
Māris Vainovskis; Ilze Kramiņa
Kernmandanten
KPMG Baltics AS on behalf of the European Bank for Reconstruction and Development (EBRD)
LHV Varahaldus (LHV Bank pension funds)
Latzeme OU
K8 Residences SIA (Kaamos Group)
Smartecon OÜ
Highlight-Mandate
- Advised KPMG Baltics AS, on behalf of the European Bank for Reconstruction and Development, on the forum selection and preferable corporate structure of the Capital Markets Development Accelerator Fund in light of EU law and national laws and regulations in the Baltic States.
- Advised Latzeme OU on various tax aspects related to investments into real estates in Latvia and the further conducted sale of the acquired properties.
- Advising Estonian real estate developer Kaamos Group, via its subsidiary in Latvia, K8 residences SIA, on a new development project consisting of two apartment houses in Riga, as well as ongoing restructuring of the group.
Kronbergs Cukste Levin
Kronbergs Cukste Levin‘s tax team is headed by Vineta Čukste–Jurjeva, a highly experienced tax litigator. As such, the team has been involved in several large tax disputes, notably those arising from the liquidation of ABLV Bank. In addition, the team offers a range of advisory tax services surrounding transactions, investments, and reward programmes, among others. Valters Kronbergs leverages his knowledge of employment law to advise on relevant tax issues, while Normunds Orols is noted for his expertise in real estate investment and M&A-related tax issues.
Praxisleiter:
Vineta Čukste–Jurjeva
Weitere Kernanwälte:
Valters Kronbergs; Kristine Sakarne; Normunds Orols
Kernmandanten
DHL
Fontes
Moller Auto Baltic
AS 4finance
SIA Suncrisp
Lilian Rasa
Aspect Custom Wear / Estate of Peter Bake
Panasonic
DK Avia
GEFCO
Estate Guru OÜ
Hauser SIA
Kingsblue Publishing Limited
Riwal Latvia
Netcracker
Bridgestone Baltics
Peek & Cloppenburg
Highlight-Mandate
- Representing ABLV Bank in litigation against the State Revenue Service concerning repayment of corporate income tax due to a change of accounting principles as a result of the initiation of self-liquidation.
- Advising Electrolux on tax implications for its employee benefits program, and on VAT implications regarding inter-company invoicing.
- Assisting Bridgestone with tax analysis relating to a client awards programme.
TGS Baltic
TGS Baltic is routinely instructed on cross-border corporate tax, structuring, and transactional matters, with particular strengths in the real estate, green energy, and, more recently, crypto and blockchain spaces. The team has extensive experience advising venture capital and private equity investors, as well as start-ups. Duo Rūdolfs Vilsons and Andra Rubene jointly lead the team; they bring wide-reaching expertise across commercial and corporate tax matters, notably in transaction structuring and employment-related tax matters.
Praxisleiter:
Andra Rubene; Rūdolfs Vilsons
Weitere Kernanwälte:
Inese Hazenfusa; Linda Štrause
Referenzen
‘Rūdolfs Vilsons has vast experience, including on common solutions and alternatives to consider. For is, it’s also important that he is able to advise on nuances related with different type of cross-border investments and tax impacts on those.’
‘TGS Baltic Law Firm is, in our opinion, one of the leading providers of legal assistance in the entire market. The legal team is responsive and goal-oriented, which ensures the fastest possible result. Every situation is handled professionally to achieve the most beneficial solution for the client.’
‘Perfect cooperation in multiple aspects. Excellent communication and outreach skills. Special mention should be made of Rūdolfs Vilsons’ knowledge in tax aspects related to real estate transactions, M&A, and other corporate transactions.’
Kernmandanten
Marijas 2 SIA / Evernord Real Estate Fund III and Novira Capital OU / Novira Holding AS joint venture
European Energy AS
Inchcape Motors Latvia SIA
Invego OU
BETHOC AB / Sareq AB
AS Eco Baltia group
Intrum Global Technologies SIA
Altero SIA
Europark Latvia SIA / UAB Modus Grupe / UAB Lords LB Asset Management
Baltic Granulas SIA
Autohalle SIA
Accor Hotels
Latgran SIA
Cronimet group
Energy Transition Investments UAB
Møller Real Estate Baltic AS (Norway) / SIA Moller Auto
Highlight-Mandate
- Advising Inchape Motors Latvia SIA on the taxation of various transactions, including transfers of business, cross-border vehicle sales, export procedures, customs brokerage procedures, as well as taxation of vehicles in customs warehouses, and taxation in relation to cross-border employments and employee leases.
- Assisted BETHOC AB, a Swedish hockey training aids seller, with the tax assessment and structuring necessary for acquiring 100% of the shares in SIA SPORT REVOLUTION, a Latvian ice hockey, floorball, and field hockey training aids seller, in exchange for shares in BETHOC AB given to one of the previous shareholders of SIA SPORT REVOLUTION and payment of cash to another previous shareholder.
- Assisted parking management company Europark Latvia SIA with client invoicing procedures to ensure VAT application through all invoicing chains.
WALLESS
WALLESS excels in cross-border corporate tax structuring and transactions, with further proficiencies encompassing employment and disputes. The team has been particularly active in the energy, real estate, transportation, and the environmental and waste management sectors, to name a few. Described by one client as an ‘experienced, creative professional’, Ingūna Ābele heads up the practice. She has broad experience, with notable specialisms in corporate tax matters involving mergers, acquisitions, and debt exchanges, alongside disputes with tax authorities. Senior associate Tatjana Sinkeviča, who has previous in-house experience with the State Revenue Service, is noted for her expertise on VAT and customs issues.
Praxisleiter:
Ingūna Ābele
Weitere Kernanwälte:
Tatjana Sinkeviča; Kristers Zālītis
Referenzen
‘Small but capable.’
‘Creative team.’
‘Ingūna Ābele – experienced, creative professional.’
Kernmandanten
Siemens group companies
CCC S.A.
CleanR Grupa AS
Eco Baltia vide SIA
PayRay, UAB
Mandatum Life Insurance Company Limited
Pipelife Latvia SIA
Capitalica Asset Management UAB
Lumi Capital
Depo DIY group
TAV Airport group companies
E. Gulbja Laboratorija SIA
LPB AS
Highlight-Mandate
- Advised CleanR Group on the tax implications of its restructuring.
- Advised Mandatum Life Insurance Company Limited on Pan-Baltic tax matters regarding a business transfer.
- Advised Eco Baltia vide SIA on tax issues relating to the acquisition and restructuring of three target companies.
Magnusson
Magnusson handles tax issues ranging from M&A transactions to representation of clients in VAT and corporate income tax disputes with the State Revenue Service. The team has recently seen several key mandates in the environmental and waste management space, as well as the transport and logistics sector. Managing partner Matīss Rostoks leads the tax team. Artūrs Ševčuks is highlighted for his focus on VAT and deductions.
Praxisleiter:
Matīss Rostoks
Weitere Kernanwälte:
Artūrs Ševčuks; Ernests Valainis; Anna Bogdanova; Aina Bitīte
Referenzen
‘We are very happy with our collaboration with Magnusson Latvia.’
‘We directly are working with Artūrs Ševčuks. We always feel a personal touch, responsibility, ability for super quick reactions, and high professionalism.’
Kernmandanten
Expro Group
Kreiss
Etnas Lofti
Brenguļu Dzirnavas
Kvinto
Credeo
Firma L4
Elements S
Juno T
Jadis
ZAB Deloitte Legal
ZAB Deloitte Legal offers services covering tax due diligence, personnel share options, and M&A transactions, along with overall tax optimisation. Managing associate Ivita Samlaja has experience across the commercial, banking and finance, and data protection spheres, and provides key support at the intersection with those areas. Jānis Čupāns is active in cross-border tax cases.
Praxisleiter:
Jānis Čupāns; Ivita Samlaja
Kernmandanten
SIA “Kronus”
SIA “DINOTRANS”
AS “Dobeles dzirnavnieks”
Group DC
Samsung
GoCardlessUK
Highlight-Mandate
- Assisting AS Dobeles dzirnavnieks with Pan-Baltic due diligence relating to the acquisition of the Latvian and Estonian businesses of Baltic Mills.
- Advising Group DC on the acquisition of HAWITA Group.
- Assisting Samsung’s with due diligence for its investment in a Latvian company.