Lithuania

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World Tax Reviews

Tax
Cobalt

The Vilnius office of pan-Baltic firm Cobalt has a tax practice led by partner Rokas Daugėla, who is supported primarily by senior associate Nerijus Jurkus and associate Lukas Pultaražinskas. With a total of five dedicated practitioners the team is one of the strongest in the Lithuanian market. 

One recent example of the firm's work saw it assisting NEPI Rockcastle with all tax matters related to the €124.6 million acquisition of the Ozas shopping centre. It also acted for Skonis ir kvapas – one of the largest Lithuanian distributors of tea, coffee and tobacco products – in a tax dispute against the Lithuanian tax authorities in the Court of Justice of the European Union.

There were a few changes to the team during the research period. This included seeing the recruitment of associates Martynas Bielskis from Grant Thornton in March 2019 and of Edvardas Jankauskas from Verum in April 2018. Going the other way, senior associate Elena Vėgėlytė left the group in June 2018 to take up an in-house role as head of tax at online retailer Vinted.

Deloitte Lietuva

The overall leaders of the Baltic teams at Deloitte are managing partner Igor Rodin and partner in charge of tax Kristine Jarve. In Lithuanua they are supported by tax senior manager Lina Minkė and tax manager Viktorija Urbytė. The team contains tax specialists and practitioners from the financial consultancy, audit or legal departments and so is able to provide a full-scale client service.

One recent example of the firm's work saw the team advising a global dairy and ice cream manufacturer in relation to the acquisition of one of the largest door-to-door direct sellers of frozen food that operates all over the Europe. Elsewhere, it was involved in preparing the application for a binding ruling by the Lithuanian Tax Authorities regarding a cross-border merger that saw a foreign buyer acquiring a Lithuanian start-up, which led to changes in the official tax commentary of Lithuania.

EY

The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness Platform, Solutions & Intelligence and operational transfer pricing practice serving clients’ needs across all jurisdictions.

Led by well-recognised, Oslo-based partner Sveinung Baumann-Larsen, the operational transfer pricing team brings together multi-disciplinary experience and resources focusing on IT, accounting, and tax from the entire region to bring to bear in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals.

TGS Baltic

The Estonia office of pan-Baltic firm TGS Baltic is led by partner Robertas Degesys. The team handles more than 100 tax cases a year, covering a range of areas including M&A, private equity and and other financial matters most notably.

One recent example of the firm's work saw it acting for Credit Value Investments and the funds managed by it during an investment procedure in the bonds of Civinity.

The one notable change to the team that occurred during the research period saw the departure of tax consultant Dainius Daugirda, who left in October 2018 to take up a role as a senior associate with WINT.

Walless

Walless is the name of a new firm in the Lithuanian market, though the leading names at the practice are familiar to anyone who has experience in the legal market. Formed in 2018 by partners from leading pan-Baltic firm Ellex, the team brings together many of the same names that once worked at Ellex legacy Lawin. In the tax space this includes partners Aiste Medeliene and Mindaugas Lukas, who lead the practice.

One recent matter the team worked on sees it advising oil trading company Enteco Baltic in relation to a multimillion-euro tax dispute on import VAT matters in the Lithuanian courts and in front of the Court of Justice of the European Union (CJEU). It is also representing another client before the CJEU, acting for SEB bankas in a sophisticated tax dispute.