Wolf Theiss was ahead of the curve, becoming one of the first law firms in Austria to provide advice on national and international tax law. From a quick glance at our clients, it's easy to see why we're still setting standards for tax advice in Austria and CEE/SEE. The Wolf Theiss Tax practice group does not shy from large and complex cases – if your business has a cross-border element, our regional breadth and understanding of tax matters throughout the region is what you need.
It pays to get creative. In the globalised economy of today, high net worth individuals and corporations are increasingly interested in diversifying their portfolios across different regions. With 13 offices throughout CEE/SEE and contacts from around the world, the Wolf Theiss tax team can help you implement structures that optimise your tax burden. We are always on the lookout for creative solutions, tax incentives and any other vehicles the law provides without losing sight of the abuse of law doctrine or developments from the OECD.
Mergers and acquisitions in particular can be tax minefields. We are there to help you navigate M&A transactions and reorganisations by assessing the tax ramifications of different tactics and customising a strategy optimised for your needs.
If you ever find yourself at the centre of a tax challenge, dispute or audit, we will work to minimise back payments and penalties in as time-efficient a manner as possible. We have experience in negotiating audits and the finalisation of assessments and seeking the best possible outcome for clients. Fiscal criminal matters and voluntary self-disclosures for individuals and enterprises are particular areas of expertise.
Our clients benefit from the fact that our partners have dual qualifications as certified public tax advisors and attorneys-at-law. They not only have years of experience but also regularly hold lectures and publish on recent developments in this continuously changing field. This combination of practical experience, academic research and continuous training guarantees that you and your organisation receive advice that doesn't just follow trends, but anticipates them so you can plan accordingly.
Tax Advice in M&A
M&A transactions and reorganisations can sometimes seem like a maze. When you're standing at the crossroads of different tax structures, how do you know which way to go? We routinely advise investment banks and corporations on large transactions by assessing the tax ramifications of potential tax structures with an eye to producing tax savings for our clients. We will work to find you and your business savings anywhere we can, such as from structures aimed at minimising taxable gains upon disposals, achieving the tax deductibility of acquisition-related interest expenses, utilising goodwill amortisation under the Austrian group taxation regime and avoiding stamp duties.
Tax Disputes & Litigation
We offer advice on how to effectively handle and react to tax challenges at any stage in the process, from negotiations in tax audits to the finalisation of assessments. We work to help you avoid time-consuming disputes and to minimise back payments and penalties. We will defend your interests as far as we can, even up to having the Austrian Constitutional Court or the Austrian Administrative Court repeal or at least mitigate decisions from lower authorities. We are particularly happy to leverage the experience of co-Head Benjamin Twardosz, who has spent several years in the tax section of the Austrian Administrative Court and has published a treatise on how to draft an appeal to this court.
Fiscal Criminal Law
A criminal proceeding is no place for you to skimp on your defence. We draw on the strength of lawyers from across our Tax and Dispute Resolution practice groups to get you practical, helpful advice in your time of need. We have extensive experience in filing self-disclosures for individuals and business enterprises, in particular in Switzerland and Liechtenstein. Our expertise also extends to defending clients from allegations of balance sheet fraud.
High net worth individuals and corporations turn to us for cross-border tax planning. We implement structures aimed at lowering the overall tax burden on taxpayers; not by making use of off-shore locations but through various other vehicles, including Austrian private foundations (which offer substantial tax planning opportunities). And, with us, you don't need to fear too much of a good thing: we are always mindful of the restrictions imposed by the Austrian abuse of law doctrine and try to find creative ways to overcome obstacles.
Individuals come with individualised tax needs. Let us help you plan your succession matters as well as any cross-border relocation of residence issues that might come up – we specialise in German clients who for reasons of German inheritance tax decide to move to Austria. Other services include optimising tax implications associated with wealth structuring, realisation of potential tax savings through pension contributions and advice on tax aspects related to the creation and operation of foundations and trusts.
Are you looking at purchasing, holding or selling an investment? We advise individual and institutional investors on all aspects of tax for financial matters. Are you considering a creative solution, perhaps a new financial product? We can help you exploit opportunities in statutory law and counsel you on tax and other legal questions.