Tax support for entities operating in the Energy and utilities industry

Macroeconomic forces, population growth, and regulatory, technological and investor pressures have triggered a new way of working in the energy sector. Thus, today’s tax systems pose significant challenges for businesses activating in this area.

Working closely with you, we build transparent, integrated tax-efficient solutions that give you confidence, and help you excel sustainably. 

Our approach

Working as a single, integrated team, our professionals draw on the depth and breadth of their local and international expertise to provide actionable insights that add value and ensure compliance with applicable laws and regulations.

Currently, in Romania, a windfall tax applies to electricity producers, aggregated electricity production entities, traders, suppliers that carry out trading activities and aggregators engaged in electricity and/or natural gas transactions on the wholesale market, as well as to the parties in the financial risk insurance contracts (hedging agreements) of electricity producers. Our dedicated team is closely monitoring the specific legislation to help our business partners meet all tax requirements, from special registration procedures involving specific bank guarantees to the necessary recurrent tax compliance and managing the relationship with the Romanian Tax Authorities.

Moreover, Romania’s renewable energy market is very dynamic with numerous photovoltaic parks, wind power and hydropower plants being developed in the country.

In this context, our specialized team focuses on offering guidance and solutions for foreign investors in setting up the business in Romania, either through greenfield investments or through acquisitions of energy projects in various stages of development.

In the past years, our tax advisory team was engaged in numerous M&A projects covering deal advisory work (e.g., tax due diligence, drafting/review of transaction documentation, tax structuring, support in deal negotiation, etc.) and reorganizations (e.g., mergers, spin-offs, transfers, disinvestment projects, etc.).

Our deep understanding of the industry and the transaction cycle allows us to provide timely and strategic tax advice, ensuring that opportunities are maximized and tax risks minimized. Our team of tax experts closely collaborates with financial and legal teams, to offer holistic service solutions. From initial planning to final execution, we support your business through every stage of the investment process or transaction.

Our services

Our energy-related services cover the following areas:

• Windfall Tax registration, compliance and conformity with all legal requirements including ongoing assistance and support in fulfilling the obligations imposed by the National Energy Regulatory Agency;
• Advice on setting up the business in Romania;
• Tax registration;
• Tax Due Diligence and deal structuring;
• Group structuring and assistance with implementation;
• Support during post-deal implementation and (re)structuring;
• Tax risk assessment; 
• Providing day-to-day tax advice based on your specific needs;
• Assistance with the preparation of financial models.

Do you want to have a further discussion with one of our specialists or submit a request for proposal?

Contact us