Lithuania

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 associates Lukas Pultaražinskas and Martynas Bielskis. With a total of five dedicated practitioners, the team is one of the largest in the Lithuanian market. The tax practice offerwide expertise and a full range of services including tax structuringM&A transactions, transfer pricing mattersVAT and customs. 

The firm has worked on several high-profile cases, including representation of Synergy Finance in a precedent-setting dispute relating to the application of corporate income tax exemptions on real estate funds within the Lithuanian jurisdiction. They also advised on all tax aspects related to the sale and acquisition of TVC to Broadcast Solutions Group, both of which are large European systems integration companies.

Sorainen

Sorainen is an established firm in the Baltic States and is a member of WTS Global, an independent tax network represented in over 100 countries. The Lithuanian office is headed by partner, Saulė Dagilytė. The firm has expertise in multiple practice areas including general tax advisory, customstransfer pricing, disputes, tax structuring, real estate and M&A. 

The firm has recently represented Swedish industrial group Hexatronic in their acquisition of Baltronic and Toronics, two international fibre-optics producers. The firm advised the client throughout the transactioncarrying out legal, tax and anti-corruption due diligence, and providing transactional advice on Estonian, Latvian and Lithuanian laws. 

TGS Baltic

TGS Baltic is a pan-Baltic firm with more than 150 lawyers and offices in Latvia, Lithuania, and Estonia. The firm covers a range of practice areas including M&A transactions, private equity and other financial matters. In addition to the corporate tax team, it is also able to advise on customs and transfer pricing. The Lithuanian office is led by partner Robertas Degesys 

Notable recent work includes advising on the establishment of the Lithuanian Aid Fund for Business with the aim of providing liquidity and capital support of up to 1 billion Euros to Lithuanian companies affected by COVID-19. It also advised the Lithuanian Ministry of Finance on tax aspects of structuring several issues of Eurobonds for a total value of 3.75 billion Euros. 

Walless

Walless is familiar to anyone who has experience in the legal market. Formed in 2018 by partners from leading pan-Baltic firm Ellex, the team currently consists of six tax professionals making it one of the largest among law firms in Lithuania. Partners Aiste Medeliene and Mindaugas Lukas lead the practice. The tax team have vast experience and an outstanding reputation in a full range of tax related services including compliance, audit, tax disputes, litigation, international tax, tax structuring, customs and transfer pricing.  

Over the research period, the firm represented an oil trading company in a multi-million Euro tax dispute regarding import VAT matters before Lithuanian courts and the CJEU. 

Ignas Urbonas joined the firm as a Junior Associate in June 2020, while Associate Rūta Kazlauskaitė departed the firm for law firm Konsus in March 2020.