PRACTICE AREA
Tax Advisory
PRK has its own internal tax team, providing high-calibre advice on direct and indirect forms of taxation.
We provide local and international clients with comprehensive advisory services, drawing on our expertise in tax and other areas of law, including structuring, financing, valuation services, corporate issues, acquisitions, joint ventures, securities, dispute resolution and real estate. Our team comprises specialised tax advisors trained in law and economics.
Our Tax Advisory practice includes the following areas:
- Tax registration: registering new taxable persons with the local tax authorities
- Tax transaction structuring: analysing transaction tax scenarios by identifying the optimal legal form for each transaction and providing comprehensive advice on business activities and holding structures
- Tax planning and advice: comprehensive tax advisory services to minimise your tax burden and improve your business efficiency, plus assistance on everyday tax issues
- Due diligence: legal and tax-related due diligence
- Tax litigation: comprehensive representation before tax authorities and courts on tax matters
- Avoidance of double taxation: advice on avoiding double taxation of income
- Real-estate (property) taxes: advice on real-estate transfers and development projects
- Insolvency and restructuring: working with attorneys to develop an effective tax structure for restructuring and reorganisations
- Tax returns: processing corporate income, individual income and other tax returns for clients, including large corporations
- Foreign postings: working with our Employment law team to provide comprehensive advice on cross-border posting of employees, both to and from the Czech Republic and Slovakia
- Social security contributions: advice on health insurance and other social security contributions, including participation in compulsory insurance schemes abroad
We are a member of Lex Mundi, which connects tax advisors throughout the world.
Practice Area Rankings:
Tax Advisory
What clients told The Legal 500 about us
I see the tax advisory team as highly experienced and professional. I appreciate the practical approach and its application to real business situations. I have not come across any situation in which I would believe there are any weak points in the team or their advice. I believe PRK Partners are one of the top firms on the market. Even though PRK Partners is a large law firm, they have a personal relationship with their clients and care about the success of our projects.
‘On tax matters, we work mostly with Mr Jan Burger, a tax adviser. I appreciate his deep knowledge of tax law and of the business environment. He always provides us with a viable practical solution and is able to clearly explain the theory behind it if we wish.’
What the team is known for PRK Partners assists with the tax planning and structuring aspects of transactions, including merger-related work and restructuring. The team primarily acts on behalf of domestic companies and private individuals and covers both Czech and international matters. Key areas of expertise include real estate tax and investment fund transactions as well as VAT issues, corporate income tax compliance and the tax aspects of cross-border business expansions. Strengths: "At all stages we felt like the team truly cared about the success of our projects. We find the PRK Partners team to be highly experienced professionals and we benefit from their good knowledge of the market and high expertise." "They understand the nature of our business and therefore give valuable advice." "They definitely have strong knowledge and experience and provide clear answers."
A strong legal team on your side
References
Tax advice to Northwood Acquisitions, an American investment fund, regarding the acquisition and refinancing of the Four Seasons Hotel, a five-star luxury hotel in Prague.
Assistance with tax matters related to the cross-border merger of the Czech and Polish companies belonging to the Fiskars Group.
Advice on Czech and Slovak taxation to Hill's Pet Nutrition, specifically on transfer pricing.
Tax advice to Visteon Hawk in connection with an acquisition in the Czech Republic.
General tax advice to Hewlett Packard Enterprise on the restructuring of the group.
