Sector: Regulatory, Corporate Taxation
Practice Area: Dispute resolution, Tax & Regulatory
Following a negative initial tax report by the inspectors, in a multimillion taxation matter covering issues of VAT applicability, the firm was engaged to assist with challenging the initial report and addressing the various related matters – including preliminary measures.
The firm successfully represented the client, a large international corporate entity with significant business presence in Serbia, managing to overturn the initial report already at the stage before the first instance tax decision.
It is very rare that the Tax Authority agrees to revoke their arguments in the preliminary stage before the first instance decision, by way of an amended initial report. However, by raising a number of substantive and procedural objections at this early stage and pro-actively engaging with the authorities, the client managed to overturn the initial findings, and the Tax Authority completed the relevant control without any irregularities found.
