Please note that we have amended our general terms and conditions. Please click here to read the amended WALLESS general terms and conditions, which became effective as of 1 November 2021.
Please note that we have amended our general terms and conditions. Please click here to read the amended WALLESS general terms and conditions, which became effective as of 1 November 2021.

WALLESS requested positive binding tax ruling for the client

WALLESS counsel Priit Raudsepp assisted a huge player in real-estate sector in getting a positive binding tax ruling. The case required out-of-the-box thinking. The ruling provides substantially lower effective tax rate while avoiding having burdensome cross-border structuring. The ruling creates a precedent as the period for which it is binding exceeds earlier periods by almost 4 times. Additionally, the tax authorities agreed to apply the substance-over-form principle in favour of the taxpayer.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.