Taxation
Ţuca Zbârcea & Asociaţii Tax S.R.L. is the affiliated tax consultancy firm of Ţuca Zbârcea & Asociaţii. Under the same commitment to quality as Țuca Zbârcea & Asociații, and benefitting from the collaboration with Andersen Global, our tax division provides added value through its consultancy, offering practical advice and solutions.
Ţuca Zbârcea & Asociaţii Tax S.R.L. covers various tax issues raised in domestic and multi-national projects - cross-border direct investments, mergers, acquisitions, partnerships, turn-key projects, real estate transactions and financings, international capital markets transaction, restructuring and bankruptcies, etc.
Our Services
transaction planning, operational tax advice, efficiency structures, tax reviews and due diligence, tax authorities’ audits and dispute resolution, tax compliance and representation. We also set up a solid transfer pricing (TP) service line, our consultants being involved in the preparation of more than 300 transfer pricing files throughout their career, assistance for Advance Pricing Agreements and mutual agreement procedures, as well as the preparation of judicial expert reports.
Client Highlights
We provided complex advisory work in respect of the tax and financial implications of operating partnerships and foreign branches, analysing alternative scenarios and outlining the pros and cons associated with each alternative; also, we have been involved in complex transfer pricing project regarding the attribution of profits to a permanent establishment.
One of the main suppliers of electricity and natural gas in Romania: acting as the tax advisor for both strategy and operational matters, being involved in a multitude of projects of the Group in Romania (for example, distribution of reserves, implementation of consumption norms, tax disputes).
A Romanian company operating a wind-farm in Romania: providing full tax assistance throughout the process of building, operating and exiting an important wind-farm project. Our assistance included client’s representation before the tax authorities during the tax audit for a multi-million VAT refund request, with positive outcome.
One of the largest independent oil and gas producer in Romania: assisting the client on the full range of tax and legal matters relating to its operations and investments in Romania, including performing a full review prior to the tax audit, ongoing assistance on different urgent tax matters that have arisen during the tax audit and the annual preparation of the local transfer pricing file.
One of the main global energy traders: assistance during a high-profile tax litigation on VAT matters (tax appeal and tax assistance in relation to the court proceedings).
One of the most important retail commerce group: providing a full range of specific M&A and tax work
One of the most important retail commerce group: providing a full range of specific M&A and tax work, such as tax assistance related to a restructuring process consisting in the setting-up of a joint venture company, new investment projects, and business expansion.
A large grain handling business: ongoing assistance for day-to-day activities and key assistance for a tax audit for VAT refund; Identifying solutions for a correct tax treatment with a view to challenging the approach taken by the tax authorities, preparing written answers.
One of the largest Romanian oil seed processing companies: providing tax advisory and representation services in a complex tax dispute, following a decision rejecting the VAT deductibility for a significant amount; advice in respect of a highly complex turn-key project; and other types of day-to-day assistance.
An international group acting in the road transportation industry: assisting the client further to a tax audit performed by the tax authorities focused on the taxation regime of daily allowances paid to drivers. Contributing to obtaining the first important administrative decision on this topic, favorable to the client and the whole industry.
One of the largest sports betting operators: advice on various tax topics (e.g., deductibility of expenses and VAT for various acquisitions, transfer pricing implications on specific intra-group transactions, etc.).
A multinational investment bank: advice on the fiscal implications arising from the acquisition of large portfolios of loans in Romania and representations during tax disputes.
Large group producing electric elements and systems: day-to-day assistance in relation to various fiscal implications arising from client’s activities on the local market. Also, our team provided assistance in obtaining a non-binding ruling on VAT from the Ministry of Finance. In addition, our team was involved in an important tax litigation case addressing various tax areas, most important of which, the transfer prices applied within the intra-group transactions.
A leading group in healthcare services: providing tax advisory services in relation to various topics, such as the contractual arrangements with its suppliers and remuneration schemes in order to cope with amendments brought to tax legislation in respect of individual taxation.
An important pharmaceutical company in Central and Eastern Europe: multiple tax advisory projects (e.g., VAT fixed establishment, clawback tax); also obtaining a favourable decision for the client in an important tax litigation case.
A global provider of truck mounted lifting solutions: assistance in a mutual agreement procedure related to a transfer pricing adjustment, that our team provided in collaboration with our colleagues from the Andersen network.
A leading branded consumer goods company: preparation of complex annual local transfer pricing reports and ongoing assistance regarding various tax matters.