Tax

Cobalt

The tax practice at Cobalt is regularly engaged to work in high-profile and complex projects within the market. The firm has strengths in various areas including, assisting clients in tax audits, and relevant litigation with the tax authorities, structuring real estate investment funds and subsequent representations of those funds in tax audits, as well as developing a unique competence in cross-border tax advisory and structuring work involving the United States. The team is led by Rokas Daugėla, who brings ‘an in-depth understanding of complex tax topics’ to the team.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘They have several qualified lawyers who have their areas of expertise and know those areas very well. Our private banking clients appreciate that they can receive expert consultations on the most complex matters and in many cases very specific situations. The team also has a very positive and attentive attitude and is always very quick to react.’
‘Rokas Daugėla is a very experienced lawyer with an in-depth understanding of complex international and local tax topics, yet he has a gift of communicating the most difficult and technical aspects in a very straightforward and easy-to-understand manner. He also has loads of experience that he relies on when advising or simply speaking to our clients and I know that the clients appreciate that.’

Key clients

Civinity
Orbio World
I Asset Management
Contrarian Ventures
PVcase
Heavy Finance
HOMA group
Akola Group
Hollister Lietuva
G4S Lietuva
Practica Capital
Demus Asset Management
Komfovent
Citus
Corum
Bolt
ProtonMail
Prosperus Asset Management
SCT Lubricants
Finėjas Group
Bison Office

Work highlights

Representing Victory Development II, a real estate fund managed by Demus, a Lithuanian real estate fund manager, in a tax audit conducted by the Lithuanian tax authorities, focusing on the eligibility of the fund to apply the corporate tax exemption.
Advised the client Heavy Finance, having an international team of soil scientists, agronomists and agricultural finance experts, on corporate income tax and VAT aspects related to the carbon farming program implemented by the client and their customers.
Advising Vinted, a online marketplace for buying, selling and exchanging new or second-hand items headquartered in Lithuania, on various Lithuanian tax aspects about DAC7 compliance.