Cross-border business activities require continuous monitoring of local, foreign and international development of tax regulations.
There are various challenges in international business:
- cross-border restructuring or relocation of business activities;
- launch of cross-border business activities;
- pricing and financing between related entities;
- indirect taxes;
- business trips of key employees and cross-border employment.
Thanks to the global network, Grant Thornton Baltic has access to international know-how, which enables the client to reduce tax risks when operating in a foreign tax environment:
- Analysis of the tax risks and opportunities in cross-border transactions (including M&A) and business relocation
- Understanding the mutual impact of local, foreign and international tax regulations, and proposing solutions in line with customer’s business needs
- Establishing the tax optimal legal structure and business form
- Assistance in registering for cross-border VAT and income tax purposes
- Developing efficient and appropriate tax accounting principles
- Tax accounting for cross-border employees
We also advise foreign investors in their search for the optimum group structure and legal form of business activity in Estonia and other Baltic countries.
Tax systems vary from country to country. Our experienced tax advisers help customers to recognize the tax risks involved in cross-border business activities and comply with cross-border reporting requirements, as well as to identify and implement the unused opportunities.
Being active in multiple jurisdictions, you will face many opportunities and challenges. We see many examples of clients being successful in the Nordic Baltic market, and two years ago we formed a dedicated Nordic Baltic group to join forces in all service lines and countries. This strengthens our ambition to unlock our clients’ potential for growth.
Our Nordic Baltic Tax guide will guide you through the ever-changing tax landscape of the Nordic and Baltic areas. The brochure comprises the latest developments and trends in the tax landscape.
Some of the changes will become effective in 2021. In addition we shall highlight tax rates applicable in the Nordic-Baltic region as of 2021. In addition to several individual changes, there are also general changes that shall be applicable in all Nordic-Baltic region as of 2021.
Grant Thornton tax specialists prepared an overview of the changes that have taken place in Norway, Sweden, Denmark, Finland, Estonia, Latvia and Lithuania.
Just as it is important in life to have friends you can trust, so it is important in a business where reliable partners are priced in gold.
I am glad that we found such a partner in the Grant Thornton Baltic.
Over the years, we have received advice from Grant Thornton Baltic specialists on various international tax issues: for example, taxation of foreign employees, transfer pricing policy and documentation, correct taxation of cross-border investments and expansion - the list could go on and on.
The big plus is that Grant Thornton Baltic specialists know the tax law of different countries in detail, and therefore we received expert advice on expanding our business to Finland, Sweden, Germany and the Netherlands. I would definitely recommend Grant Thornton Baltic to others!
Founded in 2013, Milrem is a developer and manufacturer of unmanned vehicles and robotics solutions.
Member of the Board
If you have similar challenges and questions, please contact our specialists.