The indirect tax business unit offers a comprehensive indirect potentially significant tax service, which delivers global indirect tax strategies to our clients..
Due to the strength and diversity of the KPMG client base, our experience in dealing with indirect tax issues for clients spans all industry sectors.
Whether your business is large or small, operating in South Africa or internationally, we have an outstanding track record in structuring a wide range of commercially focused indirect tax planning strategies.
Our indirect tax professionals represent an outstanding mix of qualified accountants, taxation and legal professionals many of whom have had working experience at the Commissioner for the South African Revenue Service (“SARS”).
Our indirect tax team can assist you to navigate the complexities of indirect tax, and to identify and secure indirect tax recoveries in South Africa.
Our service lines within the indirect tax business unit can help deliver a suitable indirect tax strategy for your business.
- Transaction Specific VAT Advice
If VAT is not properly managed it can result in high business cost for companies. Our wide experience across a broad range of clients and industries allows us to successfully assist you in managing the VAT issues arising in high value transactions including property transactions, mergers and acquisitions, company restructurings, international service agreements and financial arrangements.
- VAT Planning
It is imperative for companies to consider implementing appropriate VAT planning structures to mitigate the potentially significant VAT costs associated with certain transactions. We are constantly researching new VAT service offerings and can assist you in structuring commercially focused VAT planning strategies to minimise VAT costs on expenditure and VAT cash flow costs.
- SARS Negotiations
We have extensive experience in the increasingly important area of liaising with SARS on behalf of our clients, both on ongoing matters and in relation to SARS audits. We can also assist with minimisation of penalties and interest, obtaining VAT rulings/directives from SARS as well as VAT objection and appeal procedures (including Alternative Dispute Resolutions).
- VAT Risk Management
In managing your VAT risk, an intermittent VAT review is of essence. The VAT Consulting service line can assist you to identify significant VAT exposure areas, improve VAT systems and compliance checking procedures and implement best practice VAT procedures. We have multidisciplinary teams, comprising indirect tax, systems and internal audit who can assist with the identification, documentation and testing of key controls and the implementation of process improvement.
- Technology Solutions
We have developed a range of sophisticated technology based strategies to help you manage indirect tax compliance and evaluate its impact on your business.
The VAT Consulting service line also provides practical industry focused VAT training to entities.
- Recovery Products
Our technical skills and extensive industry knowledge have enabled us to develop specific expertise. These expertise have been deployed to develop specific intellectual property which includes a number of indirect tax recovery products which have been applied successfully across industry lines with significant financial results. The primary objective is to identify possible indirect tax recoveries and benefits for clients.
The increasing complexity of the VAT legislation and ever changing amendments to the legislation have made the management of the VAT compliance function increasingly difficult, risky, administratively cumbersome and time consuming. The VAT Compliance service line can provide services and advise in managing South African indirect tax compliance requirements which include:
- Assisting with VAT registrations
- Facilitating the appointment of the VAT representative
- Arranging trust fund management for local and foreign clients
- Preparing and completing VAT return
- Assisting with SARS audits, account queries and obtaining tax clearance certificates.
Our Trade and Customs team offers a comprehensive offering of services and solutions covering all areas of the complex and demanding customs environment in the Southern African Customs Union. These include:
- Consulting services relating to customs valuation, tariff classification, rules of origin, duty at source, 'ad valorem' excise and litigation support
- Compliance audits and reviews, including process analysis and reporting
- Trade remedies, applications to amend rates of duty and submissions to ITAC and National Treasury
- Advice on the implementation and use of customs facilities, duty deferment schemes, rebate facilities and
- Industrial Development Zones
- Utilisation and administration of Trade Incentives such as the TCIDP and MIDP
- Development and presentation of training programmes and facilitation of workshops.