Tax Law
Concerning Tax Law, Warsame Law teams are involved in advising clients (such as private individuals, companies, or the government) on the best way to mitigate their tax liability.
Most tax work is non-contentious, but areas our team may have a pivotal role include investigating potential breaches of the law, and either prosecuting individuals or companies; or defending cases on behalf of the government or non-government entities.
Types of tax laws
Types of tax laws that our lawyers deal with include but not limited to:
- Income tax
Income tax refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction.
Services you can access at Warsame Law in this regard include navigating the complex tax codes in Somalia at all levels i.e. at federal and state levels. Our team advocate on behalf of our clients with tax agencies when needed. Our team members stay up-to-date on the latest tax issues and laws to act as a resource for our clients. Common responsibilities that will be conducted for you include:
- Legal Research:our lawyers shall conduct for you the necessary legal research to understand tax law and policy. Since laws change frequently, our team has extensive knowledge on how to find and reference the latest legal codes.
- Drafting Documents: we create and maintain many types of documents, including wills, employment-related agreements, court briefs, and tax forms.
- Handling Tax Disputes: we help our clients handle disputes related to tax obligations. We may negotiate on behalf of our clients with the government or other non-government bodies.
- Representing Clients in Court: our lawyers shall defend or advise clients in courtroom settings as needed.
- Advising Clients on Legal Matters: Clients commonly seek guidance on tax-related matters such as retirement, mortgages, and income and these services are also accessible at Warsame Law.
- Property tax
Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. Regarding services on property tax, our team shall assist clients in the following areas:
- Assisting public and private clients in property tax assessment and discrimination challenges before local assessors, appeal boards and in courts
- Counselling national and international companies working in Somalia to develop tax strategies that ensure company assets receive a fair and equitable assessment for local taxation purposes
- Review of appraisal reports and valuation studies for use in abatement and other proceedings
- Assisting taxpayers and municipalities with assessment-related information requests
- Capital gains
A capital gain is the amount you get from selling property, like stock, a house, or a mutual fund.
With regard to capital gains tax, we advise our clients about manners in which all, or a portion, of the tax on capital gains may be deferred, or in some cases, eliminated through planning and structuring to utilize the capital gains exemption. We also advise clients on planning which may enable multiple family members to benefit from any locally available capital gains exemptions.
Make a Free Enquiry
For more information relating to all matters on tax law, please call us on +252617006415
E-mail: info@warsamelaw.so