Tax Brochure - Corporate Lawyers | Bowmans Law

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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

WithsixofficesinfourAfricancountriesandover400specialisedlawyers,we

aredifferentiatedbyourindependenceandthequalityoflegalservicesweprovide.

WedrawonouruniqueknowledgeoftheAfricanbusinessenvironmentandin-depthunderstandingofthesocio-politicalclimatetoadviseclientsonawiderangeoflegalissues.Ouraimistoassistourclientsinachievingtheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.

Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.

Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WewererankedfirstbydealvalueandsecondbydealcountinMergermarket’s2018Africaleaguetables

forlegaladvisors.WereceivedawardsinfiveoutofsixcategoriesattheDealmakersEastAfricaAwardsfor2018:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear.IntheDealmakersSouthAfricaAwardsfor2018,wewereplacedfirstfordealflowintheGeneralCorporateFinancecategory.

WewerenamedSouthAfricanLawFirmoftheYearfor2018intheChambersAfricaAwardsforExcellenceandAfricanLawFirmoftheYear(LargePractice)attheAfricanLegalAwardshostedbyLegal Week andtheCorporateCounselAssociationofSouthAfrica.Wewerealsooneofonlytwofirmsthattookhomethreepracticeawards-forPropertyandConstructionTeamoftheYear,EnergyandNaturalResourcesTeamoftheYearandTMTTeamoftheYear.

Bowmans is a leading African law firm. 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

WeprovideintegratedlegalservicesthroughoutAfricafromsixoffices(Cape

Town,DaresSalaam,Durban,Johannesburg,KampalaandNairobi)infourcountries(Kenya,SouthAfrica,TanzaniaandUganda).

WeworkcloselywithleadingNigerianfirm,UdoUdoma&Belo-Osagie,andMozambique-basedboutiquefirm,TacianaPeãoLopes&AdvogadosAssociados.WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.

WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.

Bowmans offices

Relationship firm

Significant transaction or advisory experience

Tax

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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

Tax

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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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AccoladesAFRICANLEGALAWARDS2018WewerenamedAfricanLawFirmoftheYear(LargePractice).Wewerealsooneofonlytwofirmsthattookhomethreepracticeawards-forPropertyandConstructionTeamoftheYear,EnergyandNaturalResourcesTeamoftheYearandTMTTeamoftheYear.

CHAMBERSAFRICAAWARDS2018

WewerenamedSouthAfricanLawFirmoftheYear.

DEALMAKERSSOUTHAFRICAAWARDS2018

WewereplacedfirstfordealflowandthirdfordealvalueintheGeneralCorporateFinancecategory,andthirdfordealvalueandfourthfordealflowintheM&Acategory.

DEALMAKERSEASTAFRICAAWARDS2018Wereceivedawardsinfiveoutofsixcategories:toplegaladviserinM&Aforbothdealflowandvalue,toplegaladviserinGeneralCorporateFinanceforbothtransactionflowandvalue,andadvisedontheDealoftheYear(theRubisEnergietakeoverofKenolKobil).

MERGERMARKETLEAGUETABLES2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.

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71 37 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

Tax

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Key Contacts

BARRYGARVEN HeadofTax,JohannesburgJohannesburg,SouthAfrica T:+27116699323E:[email protected]

WALLYHORAK

HeadofTax,CapeTownCapeTown,SouthAfricaT:+27214807935E:[email protected]

ERNESTWILTSHIRE

PartnerKampala,Uganda

T:+256414254540E:[email protected]

ALEXMATHINI

PartnerNairobi,Kenya


KELLYPRETORIUS

PartnerJohannesburg,SouthAfrica


ALANKEEP ManagingPartnerJohannesburg,SouthAfrica T:+27116699348E:[email protected]

ANERIABOUWER PartnerCapeTown,SouthAfrica T:+27214807936E:[email protected]

DANIELGANTUNGO

PartnerKampala,Uganda


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



PATRICIAWILLIAMS



ROBYNBERGER

Executive-TaxJohannesburg,SouthAfrica


NIKHILHIRA

DirectorNairobi,Kenya


MICHAELRUDNICKI Executive-TaxJohannesburg,SouthAfrica T:+27116699314E:[email protected]

MOGOLAMAKOLA PartnerJohannesburg,SouthAfrica


Tax

CapeTown


DaresSalaam

T: +255768988640E: [email protected]

Durban


Johannesburg


Kampala


Nairobi


FollowusonTwitter:

@Bowmans_Law

www.bowmanslaw.com

Tax Brochure - Corporate Lawyers | Bowmans Law

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