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Tax

As local and international regulations become more prescriptive and enforcement gathers pace, dealing with the evolving tax landscape in a cross-border context presents you with a significant challenge. The number and complexity of tax investigations conducted by authorities is rapidly escalating and the need for tax adjustments is rising accordingly. Our 350 tax lawyers worldwide 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. Given the cross-border nature of today's tax issues, top corporates and financial institutions seek our advice in emerging Europe, including Turkiye, given our global tax presence and our in-depth expertise in national tax laws.

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 emerging 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, including challenging tax liability decisions. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences.


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24/11/2023
Carbon Border Adjustment Mechanism transition in effect since 1 October...
On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges...
20/07/2023
Increase in Value Added Tax and Special Consumption Tax Rates in Türkiye
The Ministry of Finance of the Republic of Türkiye introduced an increase in the VAT and Special Consumption Tax (“SCT”) rates as of 10 July 2023.According to the Presidential Decree published in...
18/08/2022
CMS Tax Global Brochure
Over the past two years, enterprises, governments and citizens have grappled with unparalleled technological evolution and new business models, as well as significant tax reforms, regulatory changes...
04/08/2022
CMS Expert Guide to Cash Pooling
We are pleased to share with you the 5th Edition of the CMS Expert Guide to Cash Pooling. Cash pooling offers the advantage that the liquidity of a group can be concentrated (across borders) in one company...
21/07/2022
CMS International Disputes Digest - 2022 Summer Edition
The summer edition of the CMS International Disputes Digest, a bi-annual publication that highlights, explores and analyses the latest trends in the global dis­pute-res­ol­u­tion sector, is now published...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
28/03/2022
Germany: Cross-border employee assignments - liability for wage tax?
The decisive factor for wage tax liability in the international assignment of employees is not who pays the wage. For the employee, the question is: in which country must the individual pay tax on his...
27/02/2022
Handling the new EU and UK sanctions against Russia
Since 2014, the EU and the UK have progressively imposed sanctions on Russia in response to the crisis in Ukraine. Following the latest events, both the EU and the UK, as well as many other countries...
14/02/2022
Consequences of the Court of Justice of the European Union ruling on the...
The Court of Justice of the European Union (hereinafter, “CJEU”) has declared the general rules on penalties for tax offences related to the informative declaration of overseas assets and rights...
23/12/2021
Minimum taxation of groups and shell entities: two new draft directives...
On December 22, 2021, the European Commission published two draft directives: the first one is the European adaptation of the model rules published two days earlier by the OECD in order to guarantee a...
22/12/2021
Turkish Council of State hands down ruling on electronic tax notifications
In decision 2021/2 dated 22.09.2021, the Council of State – Plenary Session of the Tax Law Chambers ruled that not sending an information message to a telephone number or e-mail address for electronic...
09/12/2021
Reduced VAT rates: agreement reached by EU Finance ministers to update...
The Council of the European Union reached a political agreement on 7th December 2021 for the adoption of a directive aiming at modernising and harmonising the rules for the application of reduced VAT...