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The comprehensive guide to the world's leading tax firms

Deloitte is one of the largest of the big-four firms in the Czech Republic. The tax team comprises 123 fee earners and is headed by Tomas Seidl. The practice inaugurated its exclusive cooperation with the law firm Ambruz & Dark. The firm which has about ... [more]

Deloitte is one of the largest of the big-four firms in the Czech Republic. The tax team comprises 123 fee earners and is headed by Tomas Seidl. The practice inaugurated its exclusive cooperation with the law firm Ambruz & Dark. The firm which has about 28 fee earners has boosted Deloitte's capabilities in a number of areas including M&A and corporate restructuring.

The practice provides a range of tax services to its clients including R&D, private company services, cross-border structuring, indirect tax, global employment services and transfer pricing, which has a. dedicated team of seven full-time professionals led by Marek Romancov. The indirect tax team, led by Adham Hafoudh, is also very strong and counts for more than 20% of the revenue of the department.

This year Romancov worked alongside Miroslav Svoboda, Jan Petras and Lenka Pol Brozkova on a large project for a client which involved the creation of a new holding structure as part of a larger tax optimisation plan for the group. The $530 million project, also had significant transfer pricing implications and involved setting up the documentation for the group, including 17 overseas subsidiaries.

Other work this year includes a $915 million post-acquisition restructuring for a large brewery company and setting up an R&D tax credit system for a financial services company. The group mainly advises multinationals but also has a number of important Czech clients, especially in the railway industry.

Ernst & Young benefit from a good spread of tax capabilities across each of their service lines. The group has more than 100 fee earners and is headed by Libor Fryzek.The practice is made up of five different service lines. The international tax group ... [more]

Ernst & Young benefit from a good spread of tax capabilities across each of their service lines. The group has more than 100 fee earners and is headed by Libor Fryzek.

The practice is made up of five different service lines. The international tax group is led by Fryzek and deals with cross-border advisory and transfer pricing issues. The business tax service line is led by Ondrej Janecek. Their work includes advisory, compliance and tax planning. The transaction tax team is headed by René Kulínsky. The work here is mainly cross-border and the group are comfortable advising on transactions that involve several jurisdictions.

Martina Kneiflová is head of the human capital group and regularly advises clients on benefit and compensation schemes. Jan Capek leads the indirect tax group, which involves advising on supply chain issues, taking into consideration both VAT and customs issues.

The group advises clients from a range of different sectors such as financial services, entertainment, technology, energy, real estate, construction, and consumer products on both domestic and cross-border tax issues. This year the tax team advised a large company on the disposal of part of the Czech group. This was a complex matter which involved setting up a tax structure with tax implications in five jurisdictions. The group's advice included the disposal and also the distribution of sales revenue to the parent company in the most tax efficient manner.

The group also successfully represented a client in a well-known tax dispute with the authorities. This centred on the deductibility of financing costs after dividend distributions. Other work this year included advising a large client on transfer pricing issues regarding the flow of goods and provision of services within a group.

The tax practice at KPMG is headed by Jan Zurek, who is praised by his competitors for his financial services work. He is one of seven partners and leads a team of about 95 professionals. Eva Doyle is also mentioned for her M&A work.The group seeks to ... [more]

The tax practice at KPMG is headed by Jan Zurek, who is praised by his competitors for his financial services work. He is one of seven partners and leads a team of about 95 professionals. Eva Doyle is also mentioned for her M&A work.

The group seeks to distinguish itself from the rest of the big-four by the breadth of tax services it offers, which include corporate tax, cross-border tax, transfer pricing, VAT and other indirect tax services, and M&A. The practice has also set up a legal services team this year to assist during transactions.

Transactional work has grown this year and the group has worked on a number of cross-border mergers as well as initial public offerings. The transfer pricing team, led by Marie Konecná, has also seen a steady growth in work and this is something that the group expects to continue. The practice advises mostly multinationals and has particular experience advising clients in the financial services, real estate, energy, manufacturing and public sectors.

PwC's tax practice is the largest of the big-four in the Czech Republic. The practice is headed by Paul Stewart and has about 160 feeearners. William Schofield has left this year to rejoin PwC in the UK. Peter Cherenko has been appointed partner this ... [more]

PwC's tax practice is the largest of the big-four in the Czech Republic. The practice is headed by Paul Stewart and has about 160 feeearners. William Schofield has left this year to rejoin PwC in the UK. Peter Cherenko has been appointed partner this year as the firm looks to develop its litigation and public sector expertise.

The practice can be broken down into four main areas. Human resources consulting is a major source of revenue, counting for about 30%. The team used to be led by Schofield but following his departure the practice has been looking for someone to replace him. The VAT team is also a large part of the firm and is led by Peter Skelhorn.

The transfer pricing team this has been growing rapidly over the last few years. The M&A team, also led by Kucerova, is particularly strong too, Despite the market slowdown the practice has worked on two out of the three largest transactions in Central and Eastern Europe over the last year. The group also advised Penta on the sale of the TES Group to Advent International.

Alfery & Partner was formed out of the dissolution of Haarmann Hemmelrath a few years back. The team is headed by Jana Alfery and counts about 20 tax professionals among its ranks. It is part of the WTS Alliance.The practice focuses mostly on VAT and ... [more]

Alfery & Partner was formed out of the dissolution of Haarmann Hemmelrath a few years back. The team is headed by Jana Alfery and counts about 20 tax professionals among its ranks. It is part of the WTS Alliance.

The practice focuses mostly on VAT and corporate tax. "We are a boutique and we want to remain as one" said a partner. Revenue grew by abou 30% last year.

This year the group advised WSF Delta on the acquisition of a company owning real estate for the purpose of constructing a hotel complex in Prague. This raised significant issues about the deductibility of interest and involved complex structuring. The group also advised E.ON Sales and Trading on the VAT aspects of the trading of a foreign business with electricity in the Czech Republic.

The group has only one major Czech client and typically represents companies owned by foreign parent companies. The group has a particular focus on German-speaking clients, which count for about 80% of their clients. Clients they have worked for include Kastner & Öhler, AEG Components and Raiffeisen Leasing.

Baker Tilly Czech Republic is headed by director Lucia Ráblová and comprises 26 fee earners. True to the Baker Tilly International network's strengths the group focuses on small and medium enterprises, typically those with an international presence. ... [more]

Baker Tilly Czech Republic is headed by director Lucia Ráblová and comprises 26 fee earners.

True to the Baker Tilly International network's strengths the group focuses on small and medium enterprises, typically those with an international presence. Most of their work they do is cross-border and this is typically inbound where companies seek to establish production centres in the Czech Republic. A lot of their advice involves structuring to avoid VAT leakage, which forms a larger component of their work than corporate tax matters.

Last year Ráblová, David James and Andrea Majercíková advised a client in the hotel industry on the acquisition of a real estate company. The practice carried out all of the due diligence for the transaction and advised the client on the structuring of the business for tax optimisation.

Ráblová, James, Majercíková and Lucie Wimetalová also carried out the tax due diligence for a manufacturer that acquired one of its competitors. This involved issues concerning the acquired company's assets used for supplementary business activities. The three advisers managed to structure the deal in such a way that it does not pose a risk for the future.

Clients that the practice has worked for this year include Advent International, Areva NP, Digi Trade, Nordson CS, LowendalMasai Benelux and AF-Consult AB.

IB Grant Thornton is viewed by the market as one of the strongest tax practices outside the big-four in the Czech Republic. Tax manager Olga Krnacova and adviser Ondrej Stedry are mentioned by their competitors for their expertise in tax.The group comprises ... [more]

IB Grant Thornton is viewed by the market as one of the strongest tax practices outside the big-four in the Czech Republic. Tax manager Olga Krnacova and adviser Ondrej Stedry are mentioned by their competitors for their expertise in tax.

The group comprises eight fee earners and has a good breadth to the tax services it offers. Corporate tax and VAT make up the bulk of their fee income, and the group also has good transfer pricing capabilities, which are overseen by Vendula Tunklová. This year the group advised a Czech subsidiary of an EU-based manufacturing company on various transfer pricing issues and came up with the relevant documentation.

Other work this year includes advising a number of public sector bodies on tax optimisation, particularly to do with VAT, and due diligence for a member of an international hotel chain. The group is well established in the local market, which is where most of their clients come from, though the firm also sources work from the Grant Thornton network, especially from Austria.

White & Case's tax practice in the Czech Republic is headed by Ales Zídek who is praised by his peers for his international tax work and expertise in the energy sector. Tomás Hlavácek, is the only other partner. He specialises in transaction tax, corporate ... [more]

White & Case's tax practice in the Czech Republic is headed by Ales Zídek who is praised by his peers for his international tax work and expertise in the energy sector. Tomás Hlavácek, is the only other partner. He specialises in transaction tax, corporate restructuring work and advice in relation to financial services.

The practice provides a range of business tax advice on topics such as tax structuring for transactions, tax planning, tax administration and negotiations with authorities and tax dispute resolution.

This year Zídek has been advising AVAST Software, a Czech anti-virus software company on the tax implications of its international expansion. This involved a breadth of tax advice ranging from M&A structuring to advice on the tax implications in relation to intellectual property. Other work this year included advising one of Europe's leading providers of consumer finance on its listing on the London Stock Exchange, and advising a major global bank on the structuring of its equity investments in Czech companies through a Singaporean vehicle.

Other clients they have worked for this year include Alta, Arx Equity Partners, Decci, Mid Europa Partners, PPF, Riverside, BP Austria, CEZ and Pegas Nonwovens.

The tax practice at Allen & Overy is led by Michal Dusek who is singled out by his peers for his M&A work. Radek Novotny has joined this year to bolster the practice.The group advises on direct and indirect tax, and has particular experience in corporate ... [more]

The tax practice at Allen & Overy is led by Michal Dusek who is singled out by his peers for his M&A work. Radek Novotny has joined this year to bolster the practice.

The group advises on direct and indirect tax, and has particular experience in corporate transactions as well as advising financing and leasing institutions.

The practice advised J&T, an investment group, on the acquisition of another company. Finance on tax issues regarding its acquisition of a local asset management company.

Clifford Chance's tax practice is led by Petr Sebesta, who joined from Kinstellar in 2010. He heads a team of two, which focuses mostly on finance and capital markets transactions, M&A tax structuring and real estate. The group also has a fairly substantial ... [more]

Clifford Chance's tax practice is led by Petr Sebesta, who joined from Kinstellar in 2010. He heads a team of two, which focuses mostly on finance and capital markets transactions, M&A tax structuring and real estate. The group also has a fairly substantial litigation practice.

Real estate work has begun to pick up this year. The group advised UniCredit Bank Czech Republic on the tax aspects of their relocation and the leasing of their new headquarters. The group also advised Aberdeen Immobilien Kapitalanlagegesellschaft on the sale of a property in to raise capital for the reopening of real estate fund DEGI International later this year.

Other work this year includes advising Macquarie European Infrastructure Fund on the acquisition of Ceské Radiokomunikace, which included providing advice on $380 million of bank financing. Clients they have also worked for include Citibank, Credit Agricole, Chevron, Pfizer, ING Real Estate, Bainbridge, Skanska, Czech Coal, Rodamco, Colas, Vinci, Bouygues and KIT Digital.

Kocián Solc Balastík is viewed by the market as probably the best local tax firm in the Czech Republic. The group is headed by Helena Navrátilová and is made up of six practitioners. The practice advises on nearly every area of business tax including ... [more]

Kocián Solc Balastík is viewed by the market as probably the best local tax firm in the Czech Republic. The group is headed by Helena Navrátilová and is made up of six practitioners. The practice advises on nearly every area of business tax including VAT, corporate tax, tax planning, dispute resolution and consumer and energy tax.

This year the group advised OKD, the mining company, in litigation about the deductibility of costs relating to external financing of dividends. The Supreme Court decision in the case is seen as a potential watershed concerning deductibility rules. Navrátilová and Jan Cernohouz also advised Michel Thierry Group on transfer pricing after the acquisition of another company which had significant R&D functions.

Other clients they have worked for this year include Ceská Televize, Garrigues, AGC Flat Glass, and Cramo Oy.

Konecná & Safár is seen as one of the best tax law firms in the Czech Republic. The practice comprises six fee earners. Partner David Stanek is mentioned by his peers as a leading practitioner. Nearly all of their professionals have a background at one ... [more]

Konecná & Safár is seen as one of the best tax law firms in the Czech Republic. The practice comprises six fee earners. Partner David Stanek is mentioned by his peers as a leading practitioner. Nearly all of their professionals have a background at one of the big-four.

The practice provides a good range of tax services. Manager Michal Ondrousek and Milan Tomícek both specialise in VAT, Stanek focuses international tax planning and tax structuring for acquisitions and Ondrej Dráb regularly represents clients in tax proceedings with revenue officials.

Work includes acquisition structuring for a private equity group and providing advice to a multinational in relation to the purchase of Czech real estate. The group has a good balance between Czech and multinational clients.

Salans' tax practice is led by Petr Kotab who is mentioned by his peers as a leading professional in corporate tax. The practice is particularly strong in providing tax advice in M&A, real estate, banking and corporate matters.The practice advised a ... [more]

Salans' tax practice is led by Petr Kotab who is mentioned by his peers as a leading professional in corporate tax. The practice is particularly strong in providing tax advice in M&A, real estate, banking and corporate matters.

The practice advised a property group on the tax implications of a reorganisation, which involved several jurisdictions and the creation of structure of real estate development companies under the umbrella of a single holding company. The company also advised on the simplification of the group's debt structure without triggering any tax consequences.

Other work this year includes advising the leasing division of a financial services company on a real estate transaction involving three jurisdictions, and advising a Luxembourg investment company on its entry into the Czech market.