Nubis.Tax - Products

Tax calculations: We perform tax calculations for various purposes, including tax return and statutory reporting purposes (deferred tax calculations also form part of our core services). Our extensive experience in this regard assists in providing clients with comfort as to the reasonableness of their tax liability. The level of our involvement can vary depending on the client’s needs as we can merely review tax calculations or we do the tax calculations from scratch. We also assist in provisional tax calculations to ensure that the amount paid falls within the requirements of the Act whilst at the same time taking into account business considerations. Tax returns: This service includes the preparation and submission of all statutory tax returns, i.e. income tax returns together with the required schedules thereto, provisional tax returns, VAT returns etc. We also facilitate the payment of taxes via the e-filing functionality (i.e. securities transfer tax, provisional taxes, VAT etc.) Our services are aimed at ensuring that the statutory deadlines for submissions are adhered to and we can assist in negotiating extensions for submissions where necessary. We also endeavour to ensure that submitted returns are 100% compliant with the legislative and practical requirements to prevent SARS comebacks. SARS queries & audits: SARS often raise queries in relation to tax returns which can range from simple requests for documentation/clarification to onerous and complex queries as to the nature and purpose of the transaction, as well as anti-avoidance concerns. Our services include expert assistance with all audit related matters, such as analyzing the query, preparing detailed responses, liaising with the auditors and negotiating extensions for submission of responses if necessary. Tax clearance certificates: Our in-depth knowledge of SARS’s systems and procedures assist us in obtaining tax clearance certificates for clients,often subject to tight deadlines. penalty remittance Our success in negotiating the waiver of and/or reduced penalties bears testimony to our expertise is in this area. As penalties can substantially increase tax costs, we endeavour to ensure that clients submit a well-prepared request for remittance and actively manage the process to finalisation.

Wide array of tax areas Corporate income tax (including STC Dividends tax) International tax Capital gains tax VAT Securities Transfer Tax Donations tax Consulting services General tax planning Identifying the most tax efficient course of action Detailed tax opinions on a specific course of action Interpretational assistance in relation to all tax legislation

Objections and appeals We have vast experience in handling the entire objection and appeal process on behalf of clients, whether it is in relation to a tax assessment issued by SARS or an administrative action taken by SARS. Our services not only include preparing the objection/appeal and submitting this to SARS but also ensuring the active management of the objection/appeal process to bring it to an expedient conclusion. Alternative dispute resolution (adr) Settling a dispute with SARS in court is a lengthy and expensive process which most taxpayers wish to avoid. The ADR process is not such a formal, adversarial and expensive procedure to resolve disputes. The process is driven by a facilitator and involves an informal meeting where you can state your case. We assist clients throughout the process, including preparing the case and representing the client at the ADR meeting and in subsequent negotiations. Negotiating dispute settlements SARS may agree to settle on an amount less than the actual disputed tax liability in given circumstances. However, in order to arrive at such settlement requires involved negotiations and meeting specific requirements. We can advise clients on the appropriate process for specific circumstances and assist in negotiations with SARS in relation to reaching an acceptable settlement. Voluntary disclosure program (vdp) Taxpayers have the opportunity to disclose tax defaults to SARS in order to regularise their tax affairs. If a taxpayer qualifies for the VDP, SARS will not levy additional tax and certain penalties. We have successfully assisted clients to determine whether they qualify for the VDP and submitted VDP applications on their behalf. We can assist you in using the VDP to your best advantage.

Our experience in this area enables us to provide expert guidance throughout the process and involves identifying various options and comparing same using modelling, identifying tax pitfalls and developing tax efficient solutions to the extent possible. The following are typical transactions where tax planning is provided: Mergers and acquisitions Group re-organisations Unbundlings Management and leveraged buy-outs BEE transactions Employee tax schemes Any other corporate finance related transaction We also provide assistance with the implementation of a transaction including reviewing the agreements giving effect to the transaction from a tax perspective and performing a post implementation review subsequent to the transaction to ensure that the transaction was implemented correctly.