TAX - Bowmans Law · 2019-09-27 · 6 We have knowledge based on years of experience and a depth...
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TAX
Transcript of TAX - Bowmans Law · 2019-09-27 · 6 We have knowledge based on years of experience and a depth...
TAX
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BOWMANS
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Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurTaxPractice
07 OurSpecialistServices
09 OurSignatureMatters
10 Accolades
12 KeyContacts
Tax
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Our Firm
WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,we
drawonouruniqueknowledgeofthebusinessandsocio-politicalenvironmenttoadviseclientsonawiderangeoflegalissues.
Everywherewework,weofferclientsaservicethatuniquelyblendsexpertiseinthelaw,knowledgeofthelocalmarketandanunderstandingoftheirbusinesses.Ouraimistoassistthemtoachievetheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.
Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WewererankedfirstbydealvalueandsecondbydealcountinMergermarket’s2018Africaleaguetablesforlegaladvisors.WereceivedawardsinfiveoutofsixcategoriesattheDealmakersEastAfricaAwardsfor2018:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear.IntheDealmakers SouthAfricaAwardsfor2018,wewereplacedfirstfordealflowintheGeneralCorporateFinancecategory.
WewerenamedSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellence.Wealsoreceivedthe2019awardsforTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYearattheAfricanLegalAwardshostedbyLegal Week andtheCorporateCounselAssociationofSouthAfrica.
Bowmans exists to help our clients overcome legal complexity and unlock opportunity in Africa. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
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Our Footprint in Africa
WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices
(CapeTown,DaresSalaam,Durban,Johannesburg,Kampala,MokaandNairobi)infivecountries(Kenya,Mauritius,SouthAfrica,TanzaniaandUganda).Weworkcloselywithouralliancefirm,AmanAssefa&AssociatesLawOffice,inEthiopia,andourbestfriendsinNigeriaandMozambique(UdoUdoma&Belo-OsagieandTacianaPeãoLopes&AdvogadosAssociados,respectively).WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.
Mozambique
Kenya
Tanzania
South Africa
Nigeria
Uganda
Mauritius
Best friends
Bowmans offices
Significant transaction or advisory experience
Alliance firms
Ethiopia
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Wehaveknowledgebasedonyearsofexperienceandadepthandbreadthoftaxlawskillsthatfewareabletomatch.Weprovideefficienttaxandbusinesssolutionsbycombiningthisstrengthwithcommercialacumen.
OurtaxspecialistsworkcloselytogethertoadviseoninvestmentsandoperationsinvariousAfricancountries,ensuringthatallaspectsofinternationaltransactionsarethoroughlyconsideredandplanned.
Servicesrangefromthetaxaspectsofcorporatetransactions(includingmergersandacquisitions,privateequitytransactions,cross-borderinvestmentstructuresandcorporaterestructures),tofinancialstructuring,projectfinancemattersandthetaximplicationsofemploymentdecisions,andextendtotaxlitigationanddisputeresolution.
Wehavespecialistknowledgeofavarietyofsectorsincludingconstructionandinfrastructure,energy,financialservices,logistics,mining,realestateandtelecommunications.
Ourclientsincludeleadingcorporates,financialinstitutionsandindividualsinthecountriesinwhichweoperate.WealsoworkwithinternationallawfirmstoservicetheirclientsexpandingintoAfrica.
Our Tax Practice
We provide efficient
tax and business
solutions by combining
our experience with
commerical acumen.
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Ourmainfocusareasinclude:
CORPORATETAX
• reviewingcommercialagreements(includingmergers,acquisitionsandjointventures)andadvisingonthetaximplications;
• advisingonthetaximplicationsoftherestructuringofgroupsofcompanies,intellectualpropertytransactionsandrealestatetransactions,includingthetaxtreatmentofrealestateinvestmenttrusts(REITS);
• advisingonthetaximplicationsoftheformationofprivateequityfunds,acquisitionsanddisposalbyprivateequityfundsanddebtrestructurings;
• undertakingtaxduediligenceinvestigationstodeterminethetaxexposureofinvestments;
• advisingonthetax-efficientstructuringofdebtandequityfundingprovidedbylocalandinternationalfinancialinstitutions,includingthetaxtreatmentofcomplexfinancialinstruments;and
• advisingonthetaxtreatmentofoilandgasoperationsandinotherenergysectors,suchasrenewableenergyandminingoperations.
INTERNATIONALTAX
• advisinglocalcorporates,financialinstitutionsandindividualsonthetaxandexchangecontrolimplicationsoftheirforeigninvestments,includingpotentialtaxexposuresinotherjurisdictionsandtheimpactofdoubletaxationagreements;
• advisingforeignresidentsonthetax-efficientstructuringoftheirinvestmentsinSouthAfricaandinotherAfricancountries,includingexposuretoSouthAfrican
withholdingtaxesandtheuseoftheSouthAfricanHeadquarterRegime;
• advisingonexchangecontrolrestrictionsapplicabletocross-bordertransactions,includingassistingwithapplicationstotheFinancialSurveillanceDepartmentoftheSouthAfricanReserveBank;
• advisingontheapplicationoftheSouthAfricantransferpricingrules,includingthereviewingandimplementationoftransferpricingpoliciesandarrangements;and
• advisingonthetaxconsequencesofinternationalsecondmentsofpersonnel.
DISPUTERESOLUTION
• assistingclientswithallaspectsoftaxlitigationincludingresponsestoSouthAfricanRevenueServicequeries,audits,objections,appeals,representationincourtcases,alternativedisputeresolutionandthenegotiationofsettlementsoftaxdisputes.
Our Specialist Services
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TRUSTSANDINCENTIVESCHEMES
• advisingonthetaximplicationsofshareschemesandotherincentiveschemes;
• planningandadvisingonthetaximplicationsofblackeconomicempowermenttransactions;and
• advisinghighnetworthindividualsontheuseoftrusts(localandforeign)andthetaxconsequencesoftheflowoffundsviasuchtrusts.
CUSTOMSANDINTERNATIONALTRADE
• advisingoninternationaltradeandcustomsandexcise,includingassistingwithrelatedlitigation;and
• advisingonunfairtradepractices(includinganti-dumping,safeguardingandtheimpositionofcountervailingduties)andallotherdealingswiththeInternationalTradeAdministrationCommissionofSouthAfrica.
GENERAL
• advisingindividualsandcorporatesongeneraltaxmatters;and
• providingthesupportingservicesnecessarytoimplementouradvice,includingassistingwithvarioustaxregistrationsandobtainingrulingsanddirectivesfromtheSouthAfricanRevenueService.
“Stellar department
offering a deep
bench experienced
in handling a broad
spread of tax issues”.
– Legal 500, 2017
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Someofourrecentmattersincludeadvising:
• theAlexanderForbesGroupofcompaniesonitslistingonthemainboardoftheJSE,valuedatZAR9.7billion;
• CitiBankandJPMorganonloanfacilitiesofapproximatelyZAR21billion,grantedtoWoolworthsfortheacquisitionofDavidJonesinAustralia;
• ontheestablishmentoftheDeltaInternationalRealEstateFund,oneofthefirsttwodually-listedAfricanrealestatefunds–weadvisedontheother(SanlamAfricaCoreRealEstateFund)aswell;
• MarriottindesigningtheacquisitionstructureinitsprocurementoftheProteaGroupvaluedatapproximatelyZAR2billion.OurinvolvementextendedtoadvisingonthecomplexexchangecontrolrulesandapplicationtotheReserveBank;
• PeermontGlobalontheproposedacquisition,bySunInternational,ofitssharesandexistingdebtvaluedatalmostZAR5billion;
• SABonatariffdisputewithSARS;• SABMillerplcandSABontheproposed
transactiontocombinetheirnon-alcoholicready-to-drinkbeveragebusinesses(principallyinsouthernandeasternAfrica)withthoseoftheCoca-ColaCompanyandGutscheFamilyInvestments,valuedatapproximatelyUSD6billion;
• anddefendingvariousentitiesinagroupofcompaniesagainstaggressivetaxassessmentsbySARS–penaltiesdemandedwere200%;wehelpedourclienttosettleforasignificantlylowerpenalty;and
• on,andrespondingto,ananti-dumpingdutyinexcessofZAR500millionimposedonWiesenhofInternationalGMBHforexportsoffrozenchickenfromGermany.
Our Signature Matters
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AccoladesAFRICANLEGALAWARDS2019Wewontwopracticeawards-forTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYear.
CHAMBERSAFRICAAWARDS2018
WewerenamedSouthAfricanLawFirmoftheYear.
DEALMAKERSSOUTHAFRICAAWARDS2018
WewereplacedfirstfordealflowandthirdfordealvalueintheGeneralCorporateFinancecategory,andthirdfordealvalueandfourthfordealflowintheM&Acategory.
DEALMAKERSEASTAFRICAAWARDS2018Wereceivedawardsinfiveoutofsixcategories:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear(theRubisEnergietakeoverofKenolKobil).
MERGERMARKETLEAGUETABLES2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.
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75 40 66Recognised Lawyers
Recognised Lawyers
Recognised Lawyers
BAND1
KENYA
Banking&FinanceCorporate/M&AEmploymentIntellectualPropertyRealEstate
SOUTHAFRICA
CapitalMarkets:DebtCapitalMarkets:EquityCompetition/AntitrustCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT&TelecommunicationsProjects&EnergyPublicLawShippingTax
TANZANIA
GeneralBusinessLaw
UGANDA
GeneralBusinessLaw
BAND2
SOUTHAFRICA
Banking&FinanceDisputeResolutionFintechMedia&BroadcastingRestructuring/Insolvency
KENYA
FintechProjects&Energy
CHAMBERS & PARTNERS 2019 RANKED US IN
THE FOLLOWING AREAS
TIER1KENYA
Financial&CorporateMining
SOUTHAFRICA
CapitalMarketsPowerM&AUGANDA
Financial&CorporateProjectDevelopment
TIER2KENYA
PowerInfrastructure
SOUTHAFRICA
BankingInfrastructureMiningOil&GasProjectFinance
TIER3TANZANIA
Financial&CorporateProjectDevelopment
IFLR1000 2019 RANKED US IN THE
FOLLOWING AREAS
TIER1KENYA
Banking&FinanceCommercial,Corporate&M&AEmploymentRealEstate&Construction
SOUTHAFRICA
Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping
TANZANIA
LeadingFirm
UGANDA
LeadingFirm
TIER2KENYA
DisputeResolutionPrivitisation&Projects
SOUTHAFRICA
Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax
THE LEGAL 500 EMEA 2019 RANKED US IN
THE FOLLOWING AREAS
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Key Contacts
BARRYGARVEN HeadofTax,JohannesburgJohannesburg,SouthAfrica T:+27116699323E:[email protected]
WALLYHORAK
HeadofTax,CapeTownCapeTown,SouthAfricaT:+27214807935E:[email protected]
ERNESTWILTSHIRE
ManagingPartnerKampala,Uganda
T:+256414254540E:[email protected]
ALEXMATHINI
PartnerNairobi,Kenya
T:+254202899000E:[email protected]
KELLYPRETORIUS
PartnerJohannesburg,SouthAfrica
T:+27116699287E:[email protected]
ALANKEEP ManagingPartnerJohannesburg,SouthAfrica T:+27116699348E:[email protected]
ANERIABOUWER PartnerCapeTown,SouthAfrica T:+27214807936E:[email protected]
DANIELGANTUNGO
PartnerKampala,Uganda
T:+256414254540E:[email protected]
BETSIESTRYDOM PartnerJohannesburg,SouthAfrica T:+27116699396E:[email protected]
ADELEDEJAGER Executive-TaxJohannesburg,SouthAfrica T:+27116699310E:[email protected]
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Toviewprofilesofourlawyers,
pleasevisitwww.bowmanslaw.com
RONÉLAGRANGE PartnerCapeTown,SouthAfrica T:+27214807874E:[email protected]
YASMEENSULIMAN Executive-TaxDurban,SouthAfrica T:+27312650651E:[email protected]
SAMIRELLARY
PartnerJohannesburg,SouthAfrica
T:+27116699338E:[email protected]
PATRICIAWILLIAMS
PartnerJohannesburg,SouthAfrica
T:+27116699313E:[email protected]
ROBYNBERGER
Executive-TaxJohannesburg,SouthAfrica
T:+27116699301E:[email protected]
NIKHILHIRA
DirectorNairobi,Kenya
T:+254202899000E:[email protected]
MICHAELRUDNICKI Executive-TaxJohannesburg,SouthAfrica T:+27116699314E:[email protected]
MOGOLAMAKOLA PartnerJohannesburg,SouthAfrica
T:+27116699486E:[email protected]
Tax
CapeTown,SouthAfrica
T:+27214807800E:[email protected]
DaresSalaam,Tanzania
T:+255768988640E:[email protected]
Durban,SouthAfrica
T:+27312650651E:[email protected]
Johannesburg,SouthAfrica
T:+27116699000E:[email protected]
Kampala,Uganda
T:+256414254540E:[email protected]
Moka,Mauritius
T:+2304688411E:[email protected]
Nairobi,Kenya
T:+254202899000E:[email protected]
FollowusonTwitter:
@Bowmans_Law
www.bowmanslaw.com
AllianceFirms:
AmanAssefa&AssociatesLawOffice,AddisAbaba,Ethiopia
T:+25114702868E:[email protected]
