International Tax Review awarded PricewaterhouseCoopers as the Baltic Transfer Pricing Firm of the Year 2010.

This year was the first time when the nominees from the Baltic States were invited to participate in this nomination. According to International Tax Review, the awards were mainly judged on the size, innovation and complexity of the issues that the firms were facing while servicing their clients. The prestigious magazine's editorial staff was consulting a large number of tax advisers, private-practice lawyers, tax executives and in-house counsel to gain their perspective on the ground-breaking work of the February 2009 to February 2010 period.

The award was announced on May 18th, 2010 in the official ceremony in London. Ms. Kristina Kriščiūnaitė, Tax Partner for Lithuania, was representing PricewaterhouseCoopers Baltics and generously accepted the award.

We are very pleased and proud about this award as it endorses a highest qualification of our transfer pricing specialists in Lithuania. Though the practise of transfer pricing is new enough, thanks to experience received from PricewaterhouseCoopers network in Western countries we were able to achieve the best results - states Mr. Nerijus Nedzinskas, Transfer Pricing Leader for Lithuania.

PricewaterhouseCoopers European transfer pricing network was also named as the European Transfer Pricing Firm of the Year for the second year in a row. National Transfer Pricing Firm of the Year was also granted to PricewaterhouseCoopers Austria, Ireland, Russia, Spain, Switzerland and United Kingdom.

The award recognizes the great strength of the global Transfer Pricing network.

For more information please contact:
Mr. Nerijus Nedzinskas, Transfer Pricing Leader for Lithuania
T..: +370 5 2392 350
Mob. +370 610 98488
e-mail: Nerijus.Nedzinskas@lt.pwc.com