Howmera Parak
Howmera Parak is a Director in our Tax & Exchange Control practice specialising in corporate and international tax, exchange control and tax controversy.
About Howmera
About Howmera
Howmera began her career in 2010. She practiced as an Associate and Senior Associate at Edward Nathan Sonnenbergs Inc. (ENSafrica) until 2017 and thereafter practiced in leading international law firm, Baker McKenzie until 2019. Howmera joined Cliffe Dekker Hofmeyr as a Director in 2020.
Credentials
Credentials
Education
- LLB, University of Kwa-Zulu Natal
- Admitted as an Attorney: 2012
- Enrolled with the Legal Practice Council
Languages
Languages
- English
About Howmera
Howmera began her career in 2010. She practiced as an Associate and Senior Associate at Edward Nathan Sonnenbergs Inc. (ENSafrica) until 2017 and thereafter practiced in leading international law firm, Baker McKenzie until 2019. Howmera joined Cliffe Dekker Hofmeyr as a Director in 2020.
Credentials
Education
- LLB, University of Kwa-Zulu Natal
- Admitted as an Attorney: 2012
- Enrolled with the Legal Practice Council
Languages
- English
Experience
Howmera specialises in corporate tax international tax and exchange control. She focuses on South African and cross-border M&A related tax matters including pre and post-acquisition restructurings and integrations as well as tax issues in connection with structuring of and financing of both domestic and cross border transactions and local empowerment transactions.
Her experience covers representing major corporations, investment banks, funds, high net-worth individuals and others on a range of tax and exchange control matters including complex equity and debt structuring, estate planning, due diligence reporting and advising on the tax implications of convertible and exchangeable, security offerings, financial products including Islamic financial products, equity-linked securities, security units, hybrid securities and traditional corporate finance transactions as well as public and private equity and debt offerings.
Howmera also advises on domestic and international tax controversy matters across all phases of the audit cycle, alternative dispute resolution and tax litigation proceedings in South Africa.
News
Navigating assessed losses: Where do we stand?
The assessed loss provisions contained in sections 20 and 20A of the ITA have been a focal point over the years for both individuals and companies seeking to reduce their taxable income....
Revisions to the definition of “value-shifting arrangement” in the context of group reorganisation transactions
The notion of shifting value between shareholders of a company is generally a concern of revenue authorities in that, once a value shift takes place, one shareholder receives the benefit...
Amending the connected persons definition in relation to partnerships
The “ connected person ” definition contained in section 1 of the ITA is one of the most important sections that impacts income tax since various tax provisions, anti-avoidance sections...
Amendments to provisions on third-party backed shares
Both sections 8E and 8EA of the ITA are anti-avoidance provisions which effectively deem any dividends received on certain instruments to be income in the hands of the recipient unless,...
The High Court “waives” goodbye to an application for a waiver of minimum distribution requirements for public benefit organisations
In the recent case of Tomson N.O and Others v Commissioner for the South African Revenue Service and Another (33918/2021) ZAGPPHC 359 (24 April 2023) the Pretoria High Court heard...
Empowering women in tax as a catalyst for change
Listen in, as Howmera Parak and Puleng Mothabeng explore how increasing women's representation can drive encourage more women to pursue a career in tax and offer practical advice to...
Reflecting on 2021 and navigating 2022
Our Employment Law team hosted their first webinar where they reflected on 2021 and identified key themes for 2022.
Market recognition
- The Legal 500 EMEA 2021-2024 recommended Howmera for Tax.
Market recognition
- The Legal 500 EMEA 2021-2024 recommended Howmera for Tax.
Expertise
Tax & Exchange Control
Our experienced tax lawyers have in-depth understanding of the tax landscapes in South Africa and Kenya.
Commercial Real Estate
Our team is renowned for offering consistently sound real estate advice and expertise to commercial clients.
Corporate Debt, Turnaround & Restructuring
We have an experience team that can balance our clients' needs with the pragmatic realities they face.