Navigating the complex and fast-changing tax environment requires vast experience and a deep understanding of economic conditions, legislature and the practical influences of investors and multinational companies.
Our expertise in all aspects of corporate and commercial law gives us a unique ability to understand both key legal and tax related issues when providing taxation advice. It allows us to provide our clients with practical and applicable advice to help them repeatedly achieve their commercial objectives, setting the bar of mutual expectations higher each and every time.
Coordination and integrated approach
The Karanovic & Partners tax team offers full service advice in all areas of tax including corporate and individual income tax, VAT, customs, government incentives and property taxes.
We assist banks, investors and project companies with project financing for large projects with advisory on their project valuation and research, provide legal support for the transaction documents and supplement with tax support for all taxation and customs issues related to the project.
Clients are advised in all stages of the acquisition process, including the preparatory stages of transactions (legal tax reviews), the structuring and implementation of the transaction (devising optimal acquisition structures, negotiating the tax-related aspects of sale and purchase agreements, etc.) and post-acquisition tax restructurings.
Tax & financing projects
We offer specialised services in the area of the taxation of financing transactions, including the taxation of project financing structures, local tax aspects of financial instruments and derivatives, the taxation of lending operations, and the taxation of financial service providers.
Tax & investment incentives
We regularly advise clients on the utilisation of tax incentives available under national tax laws, including reviewing business operations to assess tax compliance and identify a client’s tax risk. We have also developed deep expertise in advising clients in optimising incentives available to foreign investors both in the area of tax and in the area of direct subsidies.
Our services in this area include providing advice and representing clients in tax inspections and tax collection procedures, tax offence and penalty procedures, tax disputes before tax authorities and judicial bodies (including the preparation of tax claims, appeals and suits before competent judicial bodies), and the provision of specialised advice and support in the event of criminal tax matters.
Taxation of employees & expatriates
Our team regularly advises both corporations and individuals on the taxation of expatriates including the establishment of such an individual's tax status (tax residency), the scope of local tax liabilities (income earned in Serbia and abroad), tax optimisation and assistance in the administration of expatriates' tax obligations (tax registrations, preparation and submission of tax returns, communications with tax authorities on behalf of foreign nationals).
Taxation of real estate
We developed a unique and highly specialised knowledge of the tax implications of complex regional real estate deals in all stages of the development and financing process. Our real estate tax experts can take through your investment from a tax perspective, providing general taxation advice, information of rental income, capital allowances, property tax on building, disposal of property and capital gains taxation.
VAT, indirect taxes & customs
Indirect taxation is increasingly becoming the go-to solution for generating revenue and our tax lawyers are fully abreast of the latest developments and trends in this area of taxation. We regularly advise on the VAT aspects of the supply of goods and services, VAT planning of sales structures as well as the provision of customs advice and planning, including the assessment of customs duties, customs compliance and customs procedures, the classification of products, origin regulations, the utilisation of customs exemptions, and special customs regimes (temporary imports, customs warehousing, etc.).