Tax

Death and taxes may be certainties in life, but so is the top-notch advice granted by our tax department.

Biriş Goran is one of the top tax practices in the country - a unique offering given that few firms are able to offer tax advice at international standards. Thus, when representing our clients, our tax group regularly cooperates on all transactions, and thus we are able to keep everything “under one roof” to ensure standard, business-oriented and cost-effective advice to achieve the client’s goals.

Given the business environment in Romania, having qualified tax advice is particularly important to a successful investment. And we can advise on all aspects of it. Our tax practice managed by experts Gabriel Biriș and Ruxandra Jianu, is geared to assisting our clients in the planning and structuring of tax efficient multi-jurisdictional, cross border transactions, as well as optimally resolving tax-related controversies. Our attorneys and tax consultants have extensive experience in matters involving, among other things, tax treaties, inter-company pricing, in-bound and out-bound investments and transfer of property, branch interest /profit tax and permanent establishments.

We also provide sophisticated tax planning to high net worth individuals. Our practice also includes assisting our clients during tax inspections and providing comprehensive assistance in solving any tax disputes with the authorities at all levels.

The tax practice has been ranked top in the country by Chambers Europe for the last eight years.

Recent major transactions include:

Assisted Dacris, leading stationary and office supply provider, in the acquisition of Echo Plus, Romanian office supply provider specialized in telesales. This is one of the most important transactions on the office supplies market.

Assistance of two major Spanish groups of companies active in the renewable energy sector in VAT reimbursements requested during 2015 and 2016. All inspections have ended with no tax findings from the tax authorities’ side and the entire amount requested for reimbursement was allowed.

Assistance of one of the major real estate developers in Romania in the VAT reimbursement process – all VAT requested (recorded through the development stages of the projects) was allowed.

Assistance to Farmec (a major Romanian cosmetics company) in a complex tax litigation case triggered by a tax decision issued by the tax authorities. The case went to Court where our team (tax and litigation) was successful.

Assistance to one of the largest groups of Romanian pharma companies in a complex case involving a reconsideration by the tax authorities of the activities performed by certain pharmacists as dependent activities.

Advisor to Nestlé Romania, a subsidiary of Nestlé SA, a global nutrition, health and wellness company, involving complex tax and IP litigation matters.

Advisor to Cramele Halewood, a leading Romanian-based wine producer on fiscal and tax (excises) matters. Assistance in a preliminary reference to the Court of Justice of the European Union.

Advisor to Romcarbon (a company transacted on the Bucharest Stock Exchange) on multi-jurisdictional corporate governance project pertaining to the Green Group and assistance with investment by European Bank for Reconstruction and Development (EBRD) and the Global Finance investment fund.

Advisor to the Monsson Group with day to day tax and business advisory, including assistance during company restructuring. In 2012, our team advised Monsson with respect to sale of wind farm project to leading German power generation company, STEAG, with overall acquisition price and investment value exceeding EUR 80 million.

Advisor to Hidroelectrica SA, the main hydro energy producer and trader in Romania, with regards to a complex tax litigation.

Advisor to Wirom, one of the leading Romanian players in the Romanian natural gas distribution field, in all aspects of fiscal legislation, from profit tax to VAT and excise duties.

Advisor to Wintershall Holding GmbH, a leading global gas company, (through its Romanian branch in Mediaş), who was involved in a joint venture agreement with the major natural gas extraction company, Romgaz, jointly operating two natural gas wells in the western side of the country.

Advisor to Romenergo, a leading Romanian energy holding company, in the corporate restructuring through complex spin-off procedure of assets with value of approximately EUR 110 million.

Advisor to Electrica Muntenia Nord, one of the major electricity suppliers in Romania, providing assistance during an extensive tax inspection and during a subsequent litigation with the tax authorities in few complex tax cases that would probably become landmark cases.

Biriș Goran also serves as long standing tax advisor for leading companies as Bitdefender, RedBull, Oriflame, Kika, Cris-Tim, Certinvest and Lease Plan, assisting them with regards to all tax matters related to their day-to-day business activities.