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DZP Tax Department ranks high in ITR’s World Tax 2012

14.10.2011

The Tax Department of Domański Zakrzewski Palinka has recently been recommended in International Tax Review’s World Tax 2012 directory. Our team has ranked second along with firms such as Accreo Taxand, MDDP and Salans.

The Tax Department was formed at DZP in 2010 and is the largest tax team among those in Polish law firms.

What International Tax Review says about us: "The firm's clients include domestic companies and multinationals, such as BRE Bank, Nycomed Pharma, Philip Morris and Inter Yeast. The firm formerly focused on corporate support work, but since the arrival of the new heads of department in 2010 it has developed its stand-alone tax practice. It is now strong in both M&A and in tax controversy matters, which have been common topics in Poland this year.

A particularly notable example of their M&A expertise was the coordination of a public/private joint venture between the Warsaw City Office and private investors. The firm created a tax efficient structure for the joint venture company to redevelop the city's public transport systems. Particular attention was paid to the VAT treatment the investments would receive, as it was essential to structure the joint venture to make it an attractive prospect for private investors. The majority of litigation it has handled for clients has concerned either VAT or excise charges, matters that Nowak, in particular, is very capable of dealing with. One such example was the work done for Inter Yeast. With the firm's help, the company successfully appealed the tax authorities' assessment of their VAT liability by illustrating that they had incorrectly classified the relevant goods and their status for VAT purposes."

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