Our FACE Experts El Hadji Sidy DIOP Specialization
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2020 1 Face Africa - Tax & Legal , 2 Place de l’Indépendance, SDIH Building , 4th floor - Dakar + 221 33 869 91 66/67 www.faceafrica.sn/new The firm Locally rooted - Globally connected ▪ Our organisation ………………………………………………………………………………….…………………………………… 3 ▪ Our network ……………………………...……………………………………………………………………………………………… 9 ▪ Our references ……………………………………………………………………………………………………………..………….. 13 ▪ Our services ……………………………………………………………………………………………………………………………… 16 ▪ Our team ………………………………………………………………………………………………………………………………….. 26 2 2020 Our organisation Locally rooted - Globally connected About us Face Africa - Tax & Legal (Fiduciary, Assistance, Consulting & Expertise) Africa is a Senegalese Legal and Tax firm incorporated as a public limited company with a share capital of 40,000,000 FCFA, specializing in taxation, characterized by multidisciplinary and rich experience capitalized by its employees from companies evolving in all sectors, large international tax advisory groups and in senior tax administration. Face Africa - Tax & Legal is one of the few Tax Firms registered with the National (Senegalese) Chartered Tax Experts Association. 3 2020 Our organisation Locally rooted - Globally connected What makes us unique ▪ Our ambition is to be a leader in Senegal and in the sub-region (West African countries) and the bet taken on the future and the sustainability of the firm set us apart from others. ▪ As a local firm, Face Africa - Tax & Legal has always been outward-oriented and has always had relevant multinational companies in its portfolio. ▪ Since its creation, Face Africa - Tax & Legal has been able to compete with international firms present in Dakar by immediately positioning itself as a leader in the microfinance sector with all the microfinance institutions in Senegal in its portfolio, a position it maintained until this day. ▪ Face Africa - Tax & Legal is competing with a multinational for the leading position in the insurance sector. Currently, FACE holds most of the local insurance companies in his portfolio, including the single national reinsurance company and many multinationals as well. ▪ With only a few years of existence, Face Africa - Tax & Legal is a leader in advising the companies operating in the water sector. It is also strongly present in all sectors of activity (banks, electricity, industry, agrobusiness, mining, oil and gas etc.). 4 2020 Our organisation Locally rooted - Globally connected Our story Since its creation in January 2012, Face Africa - Tax & Legal has been able to demonstrate that it is possible to compete at a high level with the Big 4 in the corporate tax advice field , including all sectors the clients evolve in. 5 2020 Our team El H. Sidy DIOP Issakha DIOP today… Partner & CEO Associé Administrateur Our organisation Locally rooted - Globally connected Administration & Local Services International Support Line Services Line Mactar SY Djibril NDIAYE Seynabou FAYE NDAO MANAGER MANAGER MANAGER Khadidiatou LEYE Oumar B. FALL MBODJI Bassine NDIAYE ADMINISTRATOR SUPERVISOR SENIOR CONSULTANT El H. Malick Fall MANAGER Lucette L.K.C. DRAME Saran K. ROSSAT CONSULTANT ASSISTANT Alassane DIOP ASSISTANT MANAGER Seydina O. DRAME CONSULTANT Souleymane SY SENIOR CONSULTANT 6 Our organisation Locally rooted - Globally connected … is lead by … our CEO Tax expert registered with the Order of Experts of Senegal (ONES) and the Union of West African Tax Orders (UDOFAO-WAUTI) with 30 years of professional experience, El Hadji Sidy DIOP had a Remarkable professional career in the profession of legal and tax advice including 26 years in a firm (Coopers & Lybrand - Dieye / Ernst & Young / Mazars) and 4 years as Head of tax management at the National Electricity Company. El Hadji Sidy DIOP Managing Partner & CEO Legal Adviser and Chartered Tax Expert ▪ Read more in ‘’ Our team ‘’… 7 2020 Our values: technical & Our organisation leadership excellence Locally rooted - Globally connected 8 2020 Our network Locally rooted - Globally connected 9 2020 Our network Locally rooted - Globally connected The network to which we belong The firm Face Africa - Tax & Legal has, since June 04, 2020, integrated as a full member, a multinational firm specializing in Taxation. is a German and European based NON-Audit firm, recognized worldwide and which has recently obtained the following distinctions: ▪ 2019 Tier 1 ranked global network - WTS Global (continuously since 2012); ▪ European Indirect Taxation Firm of the Year 2019 - WTS Global; ▪ German Transfer Pricing Company of the Year 2019 - WTS Germany; ▪ Tax Company of the Year 2019 in Austria - ICON; ▪ Ukrainian Transfer Pricing Company of the Year 2019 - WTS Consulting / KM Partners; ▪ Italy - European Operation of the Year 2019 - Studio Biscozzi Nobili (SBN); ▪ Tax Firm of the Year 2019 in the Baltic States - Sorainen; ▪ Indian Tax Firm of the Year 2019 - Dhruva Advisers LLP; ▪ Tax Litigation Firm of the Year 2018 in India - Dhruva Advisers LLP; ▪ Philippines Tax Litigation Firm of the Year 2018 - BDB Law; ▪ Asia Tax Policy Firm of the Year 2018 - BDB Law. 10 2020 Our network Our network of correspondents in WAEMU Locally rooted - Globally connected Face Africa - Tax & Legal is in partnership with a local tax firm in each member state of UEMOA (Côte d'Ivoire, Burkina Faso, Mali, Niger, Togo and Benin) with whom the General Administrator has led the missions below: ▪ BCEAO (Study on taxation applied to decentralized financial systems in the 8 UEMOA countries - March 2009): ▪ Take stock of the taxation applied to DFIs through a detailed analysis of the taxes borne by DFIs in each of the WAEMU countries, ▪ Identify all the taxes, levies and levies borne by DFIs in the financial service offer and assess their relevance, ▪ Appreciate the comparison of the texts application for all categories of MFI, ▪ Make recommendations for the implementation of a tax system favoring the promotion of inclusive sectors, ▪ Validate the conclusions of the study with the tax administrations of the 8 WAEMU countries. ▪ GIM UEMOA (formerly the Interbank Monetic Processing Center (CTMI-WAEMU) on the taxation of interbank transactions in the 8 WAEMU countries - May 2008). Face Africa - Tax & Legal in collaboration with its UEMOA partners is currently advising GIM UEMOA in the management of each of its open offices in seven UEMOA states. 11 2020 Our network Locally rooted - Globally connected Our network in the rest of the world Face Africa - Tax & Legal regularly receives the solicitation of its partners below for the execution of advice and support work for their clients who are setting up or intervening in Senegal and in the sub-region. ▪ Group C2A (Ivory Coast, Guinea and Cameroon) ▪ French law firm STC ▪ French law firm HOCHE ▪ Baker & McKenzie Business Law Firm ▪ Dubai CRAGUS GROUP Law Firm ▪ ROSEMONT MONACO law firm ▪ HOEGAH ET ETTE Law Firm, Ivory Coast Face Africa - Tax & Legal also works in Mauritania for consulting services in the mining and petroleum sector to its referred clients in collaboration with a Mauritanian partner. 12 2020 Our references Locally rooted - Globally connected 13 2020 Our clients: Banking, Insurance , MFI & Finance Sector Our references Locally rooted - Globally connected 14 2020 Our clients: From different sectors Our references Locally rooted - Globally connected 15 2020 Our services Locally rooted - Globally connected 16 2020 Our services Locally rooted - Globally connected Our knowledge Face Africa - Tax & Legal covers all fields of the business law and tax matters and develops a complete, various and customized & tailor-made "service approach“ for its clients composed of big companies and institutions in all areas of activities in Senegal and in the WAEMU / ECOWAS region and OHADA Zone. We develop a KYC approach and always believes that the profession of legal and tax consultancy is based on anticipation, understanding the clients expectations, practice and a continuous and permanent communication with the client, which, with a strong dose of support, enable us to meet our clients expectations by putting our knowledge, experience and know-how at the disposal of our clients to allow them solve theirs legal and tax issues related to their business. 17 2020 Our services Taxation Locally rooted - Globally connected CORPORATION INCOME TAX AND BUSINESS RESTRUCTURING ▪ Permanent advice on corporate and personal taxation, compliance with tax regulations, corporate relocation, corporate debt restructuring; ▪ Tax studies and due diligence; ▪ Tax optimization ; ▪ Tax structuring, due diligence, Tax assessment services, Post-merger assistance and integration; ▪ Tax optimization of restructuring operations under the preferential tax regime ▪ Management of dividends and tax deficits; ▪ Advice in setting up and managing specific tax advantages: Free export company, Investment Code; ▪ Tax review and audit; ▪ Tax compliance review, Tax reporting (deferred taxes and carryforward deficits), Tax risk management, Co-sourcing of the tax function; ▪ Annual tax returns assistance; ▪ Punctual / Spontaneous / One-time assistance. 18 2020 Our services Taxation Locally rooted - Globally connected INDIRECT TAX ▪ Advice and compliance in Value Added Tax (VAT), Financial Activities Tax (TAF), Energy Tax, Consumption Tax, Special Tax on Assets and Property, Stamp duties, Transactions and restructurings, Business partnerships; ▪ Tax studies and due diligence; ▪ Tax optimization ; ▪ Cross-border transactions; ▪ Advice in setting up and managing specific tax advantages: French export company, Investment