Lithuania

Reviews

Practice area

World Tax Reviews

Tax
Deloitte

The key figures in Deloitte’s Lithuania tax department are Inga Abraskevice, Giedrius Padriezas and Viktorija Urbyte. All three are highly expereinced advising Lithuanian and foreign clients on tax matters. 

Highlight work from the research period included advising on the development of a cost contribution arrangement on a pan-Baltic level for a leading financial institution. 

Staffing changes include the hire of Viktorija Urbytė as tax manager. Before joining the firm, she acted as tax manager for TaxCube. The firm also hired senior tax consultant Dovydas Jasiūnas from EY.

Ellex

Ellex is a pan-Baltic full-service law firm and Rolandas Valiūnas acts as managing partner of the Lithuanian office. 

The team specialises in work in the customs field, including import duties, customs procedures and similar issues. The firm has also advised clients in respect of the application of the EU Arbitration Convention on the elimination of double taxation in connection with the adjustment of profits of associated enterprises.

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 and operational transfer pricing practice serving clients’ needs across all jurisdictions.

Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region 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, to name but a few.

Sorainen

Sorainen is a leading firm in the Baltic States. Tomas Kontautas is the managing partner of the Lithuania office and co-head of the firm’s banking, finance and insurance practice group in Lithuania. He has been practicing law since 1997 and specialises in tax, banking and investment funds. Partner Saulė Dagilytė is head of the tax and customs practice group itself.

The firm specialises in tax transactional work building off of its corporate practice.

A clear work highlight during the research period saw the firm advise Nordea on the tax elements of its combination of its Baltic operations with DNB to create Luminor. The firm assisted in transaction planning and structuring. The firm also advisded Palink, the operator of the second largest retail chain in Lithuania, on the tax elements of a high-value acquisition. 

Staffing changes during the research period include the addition of associate Ieva Tumalavičiūtė from Primus.

TGS Baltic

Partner Vidmantas Drizga is the key contact for tax matters at TGS Baltic. 

During the research period a work highlight saw the team represent Credit Value Investments and the funds managed by it on the tax elements of its investment in bonds of Civinity.