Preparing and reviewing tax computations and tax returns: this includes the identification of possible exposures and planning opportunities. It is important for corporate taxpayers to ensure that they comply with the disclosure requirements in the company tax return (IT14), which have increased dramatically following the fundamental changes to the South African tax system in recent years.
The tax implications of specific transactions including:
The tax implications of the purchase and sale of businesses;
The tax implications of Management buy-outs; and
The tax implications of Share buy-backs.
Corporate restructuring including company formations, intra-group, share-for-share and unbundling transactions.
Share incentive schemes.
Secondary Tax on Companies (STC).
Capital Gains Tax (CGT).
Provisional tax matters.
The effect the residence basis of taxation has on South African resident companies and how to plan effectively under the new regime.
Responses to enquiries from revenue authorities.
Drafting of letters of objection and appeal to tax assessments.
Negotiations with the revenue authorities in connection with disputes, and the clarification of technical issues.
