Details

1. General VAT and/income Tax Queries
2. Reviewing of draft VAT and/or Income Tax correspondence to SARS, to ensure that accurate and adequate information is provided i.r.o. general queries
3. Guidelines and advice as to the correct VAT and/Income Tax treatment of transactions
4. Guidance on completion of VAT 201 and ITR 14 return fields
5. Review contracts and agreements to assess VAT and Income Tax implications
6. Guidance on Investment Grants and Tax Incentives
7. Guidance and advice during SARS VAT audits

Silver package members will receive a response via a summarised email.

Members enjoy all the benefits of the silver package, as well as the following:

1. IT14SD reconciliation assistance and resolving same

VAT IT will conduct an annual VAT Risk Review (VRR) to investigate the following:

1. To determine whether Turnover reconciles to the VAT 201 Output Tax declaration
2. Perform a high-level sample review of Input Tax and Output Tax documentation to determine compliance
3. A high-level interview with the relevant staff to determine VAT risk and/or potential savings areas
4. An Accounts Payable Data Analysis for a twelve-month period to identify potential savings and/or unclaimed VAT areas
5. A detailed electronic report of our findings, together with the Accounts Payable Analysis Report

VAT IT will conduct an annual high-level ITR 14 review