Nhlamulo Maluka

Mar 19, 2024 | bowmanslaw.com | Gilles Athaw |Chloë Loubser |Nadine Mather |Nhlamulo Maluka

National Treasury announced above-inflationary ‘sin tax’ increases in the 2024 Budget Speech. This marks another round of significant increases in the rates of excise duty applicable to alcohol and tobacco products, well above the previous policy benchmark of Consumer Price Index (CPI)-linked annual increases.

Mar 14, 2024 | bowmanslaw.com | Chloë Loubser |Nadine Mather |Nhlamulo Maluka |Robyn Berger

In a significant case before the Bankruptcy Division of the Supreme Court of Mauritius, Christopher Peter Van Zyl & Ors, represented by members of the Bowmans Mauritian office, faced off against the Registrar of Companies in a pivotal legal matter. The dispute centred on the revival of Square Rock Ltd, which had been voluntarily wound up and dissolved.

Mar 7, 2024 | bowmanslaw.com | Robyn Berger |Nhlamulo Maluka

Globally it is common practice for countries to determine the tax residence of a company by applying two primary tests. The first is that a company that is incorporated under the law of that country is tax resident in that country and the second is typically some form of management test. The two most common management tests applied are ‘management and (or) control’ and ‘effective management’ (collectively referred to as management test).

Mar 6, 2024 | bowmanslaw.com | Chloë Loubser |Nadine Mather |Nhlamulo Maluka |Robyn Berger

On 21 February 2024, South African Finance Minister Enoch Godongwana delivered his Budget Speech. Members of our Tax Practice have highlighted the following implications of the Speech for the private equity industry.