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As local and international tax regulations become more prescriptive, dealing with them in a cross-border context presents you with a significant challenge. Our 350 tax lawyers are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business. This multi-disciplinary approach helps you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy.

Whether you are a financial institution, multinational, fund, investor or high net worth individual, we understand your business and the tax pressures you face. Our teams work together across Europe and beyond in the key areas affecting your business including VAT, international taxation, transfer pricing, e-commerce, M&A and investment funds, tax planning and financing.

Our experts can help you manage tax control cases and deal with tax authorities as well as manage tax litigation cases. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences.

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30 December 2020
Stock sav­ings plan and Brexit: Brit­ish stock and some oth­er fin­an­cial in­stru­ments...
As a res­ult of Brexit, both stock or UCITS by a Brit­ish is­suer are dis­qual­i­fied and some EU-based UCITS funds’ un­der­ly­ing Brit­ish fin­an­cial in­stru­ments may also be so. Such a dis­qual­i­fic­a­tion may lead...
07 October 2020
Ex­CEEd­ing Bor­ders
Col­li­ers In­ter­na­tion­al­Luke Dawson - Man­aging Dir­ect­or & Head of Cap­it­al Mar­kets, CEEThe In­dus­tri­al&Lo­gist­ics (I&L) prop­erty sec­tor has ris­en out of the shad­ows over the last few years to be­come one of the most dy­nam­ic and stra­tegic­ally im­port­ant sec­tors in our eco­nom­ies and the com­mer­cial real es­tate sec­tor, on a glob­al basis. The I&L sec­tor is by no means a new kid on the block and for people out­side of this in­dustry, it may well largely go un­noticed as products and ser­vices are seem­ingly ma­gic­ally pro­duced and ap­pear in shops and on our door­steps. Be­hind the scenes, there is of course a gi­gant­ic sec­tor made up of man­u­fac­tur­ers, sup­pli­ers, re­tail­ers, 3PLs, dis­trib­ut­ors, stor­age and sup­ply chain com­pan­ies to name just a few, and they lit­er­ally touch any busi­ness or in­dustry sec­tor that you can pos­sibly ima­gine. In ad­di­tion to that, there are sev­er­al highly ex­per­i­enced, glob­al, re­gion­al and loc­al in­vestors and de­velopers that provide the li­on’s share of the prop­er­ties to make all this pos­sible.In this re­port, we look at how the I&L sec­tor has de­veloped in the geo­graph­ic­ally and macro-eco­nom­ic­ally stra­tegic re­gion of Cent­ral&East­ern Europe (CEE). We will also touch on some of the trends fa­cing the sec­tor, both from a prop­erty point of view, as well as from oc­cu­pi­er and con­sumer led stand­points. To­geth­er with our part­ners, we also provide valu­able in­sight in­to im­port­ant loc­a­tion se­lec­tion de­cision-mak­ing cri­ter­ia around la­bour mar­kets, tax and in­cent­ives offered to in­vestors con­sid­er­ing this re­gion.This re­port cov­ers a range of top­ics across 17 coun­tries in the wider CEE re­gion and as a res­ult, we have close to 100 pages of in­sights to share with you. There­fore, we would not ex­pect you to con­sume this all in one sit­ting and we hope this will be a use­ful tool longer term as you re­view the op­por­tun­it­ies in this great re­gion. Last, but not least, you can­not ig­nore the ele­phant in the room that is COV­ID-19. This pan­dem­ic that we are still very much in, has only con­firmed the stra­tegic im­port­ance and need for this sec­tor in un­cer­tain times, but has also high­lighted some areas for re­flec­tion. We hope you find this re­port use­ful and, wheth­er you are an in­vestor, de­veloper, oc­cu­pi­er or oth­er in­ter­ested party in the I&L sec­tor, we look for­ward to dis­cuss­ing your out­look and plans with you fur­ther.CMS and So­rain­en­Lu­kas Hej­duk - Part­ner, Head of CEE Real Es­tateOver re­cent dec­ades, coun­tries in the wider Cent­ral and East­ern Europe re­gion have at­trac­ted sig­ni­fic­ant levels of for­eign in­vest­ments. The well-edu­cated la­bour forces and lower la­bour costs than in West­ern Europe, rap­idly de­vel­op­ing in­fra­struc­ture with good trans­port links to the rest of Europe, tax ex­emp­tions and pref­er­ences for in­vestors, are only some of the reas­ons why nu­mer­ous com­pan­ies have de­cided to open man­u­fac­tur­ing fa­cil­it­ies and dis­tri­bu­tion centres in CEE.CMS and So­rain­en have provided their col­lect­ive know­ledge and ex­per­i­ence which is in­ten­ded to help po­ten­tial In­dus­tri­al&Lo­gist­ics in­vestors un­der­stand what in­cent­ives are avail­able when seek­ing to start op­er­a­tions in one or more of the 17 CEE coun­tries covered in this re­port. As there are vari­ous levels of sup­port across CEE, the fol­low­ing guide is presen­ted in a coun­try-by-coun­try format. It is not meant to be com­pre­hens­ive and gives more of a gen­er­al, in­dic­at­ive pic­ture. As laws and reg­u­la­tions can change quickly, it is vi­tal to seek pro­fes­sion­al ad­vice at an early stage if you de­cide to green light an in­vest­ment.Rand­stad­Paweł Ko­peć - Head of En­ter­prise Solu­tions CenterThe CEE re­gion has al­ways been among the first des­tin­a­tions in the minds of for­eign in­vestors, from the pro­duc­tion and lo­gist­ics sec­tors, when look­ing for sav­ings on per­son­nel costs and avail­ab­il­ity of the work­force. Over the years, la­bour mar­ket con­di­tions across the CEE coun­tries has changed rap­idly and, in some coun­tries, un­em­ploy­ment rates have fallen be­low levels that any­one could have pre­dicted a few years back, reach­ing nat­ur­al un­em­ploy­ment rates.Des­pite some of these factors, the CEE re­gion re­mains very at­tract­ive and has a lot to of­fer. Not only there are dif­fer­ences in la­bour avail­ab­il­ity and costs between the vari­ous coun­tries, there are also sig­ni­fic­ant dif­fer­ences between spe­cif­ic counties and cit­ies in the giv­en coun­try. New in­vestors will of course tend to feel more se­cure loc­at­ing their busi­nesses in areas already ex­plored by oth­er com­pan­ies, but those who take the risk and be­come pi­on­eers in less in­dus­tri­al­ized areas, may well be re­war­ded with loy­al per­son­nel and less work­force short­ages. In this re­port, we share our views on the vari­ous la­bour mar­ket con­di­tions and trends across the re­gion.25%me­di­um25%me­di­um25%me­di­um25%me­di­um
25 March 2020
CMS Ex­pert Guide to the law and reg­u­la­tion of Cov­id-19 tax re­lief
In or­der to help busi­nesses deal with some of the eco­nom­ic con­sequences of the Cov­id-19 out­break, gov­ern­ments have taken eco­nom­ic and fisc­al meas­ures to help com­pan­ies man­age their cash flow. And for...
Comparable
01/01/2018
Less is more
As glob­al eco­nom­ic ties grow ever more com­plex, op­tim­ised tax struc­tures are de­vel­op­ing in­to a key factor for all play­ers in this arena. CMS Reich-Rohr­wig Hainz provides com­pre­hens­ive tax ad­vice to Aus­tri­an...
29/09/2017
New rules on tax re­gis­tra­tion in the Fed­er­a­tion of Bos­nia and Herzegov­ina
Fed­er­al Min­istry of Fin­ance has ad­op­ted a new Rule­book on as­sig­na­tion of ID num­bers, re­gis­tra­tion, iden­ti­fic­a­tion and re­cords on tax­pay­ers on the ter­rit­ory of the Fed­er­a­tion of Bos­nia and Herzegov­ina...
03 July 2017
Over­view of Tax Re­forms in CEE 2015 - 2017
Tax sys­tems across the world could be simple if they were com­posed to raise rev­en­ue only. Tax­pay­ers ex­pect their tax sys­tems to be fair, ef­fi­cient, and en­force­able. Taxes are also ex­pec­ted to pro­mote...
28/06/2017
Check Lists
On its of­fi­cial web­site, the Fed­er­al Ad­min­is­tra­tion for In­spec­tion Af­fairs has pub­lished the check­list of all in­spect­or­ates with­in its au­thor­ity. The check­lists provide in­form­a­tion on leg­al re­quire­ments...
19 April 2017
CMS Ex­pert Guide to trans­fer pri­cing doc­u­ment­a­tion re­quire­ments
In­tro­duc­tion The de­term­in­a­tion and veri­fic­a­tion of a trans­fer pri­cing policy in­volves the con­sid­er­a­tion of a range of in­form­a­tion not ne­ces­sar­ily con­tained in the doc­u­ments that must be sub­mit­ted to...
28/12/2016
Some of the nov­el­ties in with­hold­ing tax ("WHT") reg­u­la­tions in Fed­er­a­tion...
New Law on cor­por­ate in­come tax in Fed­er­a­tion of Bos­nia and Herzegov­ina ("CIT FBiH") and the re­cently ad­op­ted Rule­book on ap­plic­a­tion of the said Law have es­tab­lished some nov­el­ties in rules re­gard­ing...
29/10/2013
CMS Guide to Tax re­gimes in Cent­ral and East­ern Europe
The CMS CEE Tax Group is de­lighted to provide you with an up­dated ver­sion of our ex­ist­ing study, the “CMS Guide to Tax re­gimes in Cent­ral and East­ern Europe”.The CMS tax ex­pert­ise in Cent­ral and East­ern...
05/08/2013
CMS Tax Con­nect guide: Trans­fer Pri­cing - Man­aging doc­u­ment­a­tion re­quire­ments...
The de­term­in­a­tion and veri­fic­a­tion of a trans­fer pri­cing policy in­volves the con­sid­er­a­tion of a range of in­form­a­tion not ne­ces­sar­ily con­tained in the doc­u­ments that must be usu­ally sub­mit­ted to a tax...