Provided tax due diligence advice to a French group regarding an envisaged investment into an Egyptian Hydrocarbon Company, including;
- Review of Target status of its corporate tax compliance obligations;
- Review of that Target debt equity ratio in light of Egyptian thin capitalization rules
- Review of Target VAT compliance status and exposure
- Review of Payroll tax exposure;
- Evaluation of Target tax attributes and deferred taxes
- Provided tax comments on the share purchase agreement.