“They are the Top Gun in this field among all law offices on the Romanian market.” (Legal 500, 2023)
“They have good industry knowledge, specialised know-how and a client-friendly approach.” (Chambers and Partners, 2023)
“Expert level of knowledge and creative thinking wrapped up in a down to earth approach which includes local regulatory trends/interpretations in every advice provided.” (Legal 500, 2022)
“very reliable and supportive, the lawyers’ experience in this area of expertise is vast, and they are open to understanding our business in order to find the right solution.” (Chambers and Partners, 2022)
One interviewee reports that the team “showed a high level of understanding and high level of arguments.” (Chambers Europe, 2021)
Tax
The integration of tax services into a comprehensive multidisciplinary approach to the needs of our clients promoted us as the first law firm active in Romania to offer built-in services and placed us among a very selected group of firms to provide this much needed combination of knowledge and resources.
We continuously earn our reputation for excellence by offering a comprehensive range of tax advisory services, focusing on direct and indirect tax. Starting with the beginning of 2016, we have strengthened our capabilities in the area of transfer pricing through our strategic alliance with Transfer Pricing Services SRL, the main independent tax consultant in this field. In addition, our team is comprised of recognized experts in the highly specialized area of tax litigation.
Our tax professionals include experienced economists, certified tax advisors, and tax lawyers. They produce a fusion of sophisticated economic and legal expertise and practical know-how focused on the unique needs and expectations of each client.
We team up with the legal practices across NNDKP to embed our tax expertise in the comprehensive advice offered to clients. Thus, our tax professionals are active members of the multidisciplinary teams proposed by our firm in sectors such as:
Agency and Representation
Our professionals deliver a full range of representation services, focusing on value added tax, corporate income tax, and capital gains tax.
Assistance in Dealing with Tax Authorities
We communicate with the Romanian tax authorities on our clients’ behalf during tax audits, as well as to obtain advance clearances and binding rulings on various tax issues.
Customized Training
We design and deliver tax training tailored to each client’s needs. Our training sessions focus on practical matters, not just theory, to help our clients deal with the day-to-day tax issues specific to their business.
Design of Tax Procedures
We help our clients develop and improve the functioning of their internal tax systems by designing internal tax procedures and manuals.
We not only work closely with our clients to design and document procedures that are best for their organizations and business models, but also provide ongoing guidance and support during and after implementation of the improved tax procedures.
We do more than just advise on points of tax law. Our comprehensive, multidisciplinary approach and unsurpassed business knowledge translates for our clients into better management control and compliance as well as increased awareness of the substantial tax implications of day-to-day business operations.
Investment Tax Structuring and Tax Planning
NNDKP Tax team can provide useful guidelines for the implementation of tax structures during the course of the investment, development, operational and exit phases.
Restructuring Tax Advice
Working closely with lawyers from practice groups across our firm, we help our clients assess and respond to the tax implications in mergers and acquisitions. We review and improve the full suite of restructuring documentation, such as merger plans and share and asset purchase agreements.
Our tax expertise and experience, combined with our firm’s traditional strengths in mergers and acquisitions, can create substantial tax savings for our clients, while also mitigating their tax risks.
Tax Compliance
For us, tax compliance is more than just following the rules.
The tax environment is changing rapidly in Romania and internationally and taxation systems are becoming increasingly complex. Our clients want to be sure that the tax base declared meets the legal requirements, in order to avoid undesirable tax penalties and costly tax disputes.
We help our clients manage their tax risks through a full range of Romanian tax compliance services. We not only give them greater confidence in their compliance practices, but we also can relieve them of the burdens of costly, time-consuming tasks such as data consolidation, preparing tax returns, and dealing with the tax authorities.
Tax Diagnosis
Our tax diagnosis service is a thorough tax position analysis, tax examines the most significant tax areas in each client’s business operations.
Our diagnostic findings and recommendations can help our clients to:
- discover ways to minimize potential areas of tax exposure
- identify and address tax savings and tax refund opportunities
Tax Due Diligence
The tax due diligence process assesses the tax risks to which an acquisition target is exposed during the period subject to review. Combined with tax structuring and tax planning solutions, tax due diligence is a comprehensive integrated examination that helps investors make tax-efficient investments.
Tax Litigation
Our multidisciplinary teams advise and represent clients in a large array of contentious tax issues, ranging from drafting appeals from adverse decisions of the Romanian tax authorities to support and representation throughout the entire litigation process.
Because we draw on legal and tax expertise and business insight from throughout our firm, our litigation teams can deliver a high level of efficient, commercially aware representation that is not available from most traditional law firms.
Transaction Tax Advice
We help our clients anticipate, understand, and plan to respond effectively to the tax implications arising from business transactions, such as:
- acquisitions
- disposals
- re-financing activities
- restructurings
- initial public offerings
In each transaction, our goal is to mitigate our client’s tax risks, provide valuable negotiation insights, and enhance the value that our client derives from the deal.
Transfer Pricing Services
Our transfer pricing practice helps our clients manage the transfer pricing risks in their businesses by providing highly specialized transfer pricing services in an efficient, dynamic, and cost-conscious manner. With this in mind and well aware that intra-group transactions have become one of the “hottest” topics in the area of fiscal services, NNDKP and Transfer Pricing Services SRL have concluded a strategic alliance that offers a complete package of legal and tax services for the Romanian companies part of national or multinational groups.
