Tax

We advise re corporate taxation, employment taxation, tax audits, tax issues in relation to corporate restructuring, taxation of operations of airline companies, and reimbursement of VAT, taxation of gas exploration and production operations, tax issues regarding concession, participation, and joint operating agreements, customs tariffs, and taxation of cross-border electricity trading. We obtained Opinion Letters from the Ministry of Finance, and Customs Agency re tax, and customs tariffs issues respectively. We advised major accounting firms re various legal issues.

We advised:

  • an internet solutions Luxembourg company re capital gains tax payable by the Seller in relation to the exercise of a put and call option for the acquisition by our client of additional shares in a Romanian software company;
  • a major US investment fund re profit tax, VAT related to the sale of assets of a Romanian telecom subsidiary;
  • a major US home products company re VAT and income tax, re permanent establishment for the purpose of tax jurisdiction, customs taxes, and VAT registration of the Romanian subsidiary;
  • a UK oil and gas company re VAT chargeable on the assignment of an interest, and on exploration and production costs associated with a Farmout Agreement;
  • the leading German bank re tax issues, notifications received from the tax authority regarding tax assessments, and tax returns;
  • one of the world’s largest copper mining companies re Romanian tax laws in relation to a tender for the privatization of the state-owned Cupru Min SA;
  • a leading Australian oil and gas exploration and production company re VAT chargeable on the assignment of a participating interest, and on exploration and production costs associated with a Farm-in Agreement relating to an offshore Black Sea block concessioned by the Romanian Agency for Mineral Resources, and VAT reimbursement issues;
  • a Romanian subsidiary of a global multi-industry US company re filing of VAT and profit tax returns and various tax issues related to the change of the registered address of the company;
  • the leading European renewable energy company re VAT reimbursement issues, tax audits, tax disputes;
  • the global US leader in the sector of reservation systems for airlines and travel agencies re tax issues regarding tax audits of its operations, and tax disputes;
  • the leading marketing and trading Russian company re taxation of parent and of the subsidiary engaged in electricity trading, VAT issues;
  • a US oil and gas company re tax issues regarding gas exploration operations, tax issues arising from the US company’s transfer of the Romanian branch assets to its subsidiary, and the subsequent sale of the subsidiaries to another company;
  • the leading European low cost airline re tax issues regarding Romanian operations;
  • a major UK bank re taxation of parent company and of the subsidiary engaged in electricity trading, VAT issues;
  • a major US multinational financial services corporation re taxation of parent company and of the subsidiary engaged in electricity trading, VAT issues;
  • the commodities subsidiary of a global investment bank re taxation of parent company and of the subsidiary engaged in electricity trading, VAT issues;
  • a Portuguese IT company re taxation of employee compensation;
  • a US leader in the sector of reservation systems for airlines and travel agencies re tax issues regarding an audit of its operations, and litigation with the tax authority;
  • a US oil and gas company re tax issues regarding a Concession Agreement, Participation Agreement, and Joint Operating Agreement;
  • a leading US cosmetics company re tax issues in relation to restructuring of Romanian operations;
  • a global US company re tax issues in relation to restructuring of Romanian operations;
  • two of the big four auditors re various tax and legal issues;
  • US and Canadian oil and gas companies re tax issues regarding petroleum exploration and production – we obtained Opinion Letters from the Ministry of Finances with regard to the tax issues related to the exploration and production sharing agreements between foreign companies and Rompetrol.
© Copyright 2015 BUZESCU Ca. All rights reserved.