Tax advisory and compliance services

Given the increasing complexities of tax legislation plus the severe penalties imposed, tax compliance can no longer be treated as low priority.

To manage your company’s tax risks effectively, Grant Thornton offers you a comprehensive solution.

The taxation and fiscal services are headed by a partner, tax manager and comprises of a team of personnel who have attained a high level of expertise in this field, through their years of experience in various taxation matters.

The firm’s client base includes foreign clients, hence the taxation department has to keep itself abreast of international taxation matters. The firm being part of an international network, can seek assistance from specialists in the other member firms in the network. This enables the department to handle international tax matters promptly and effectively.

The department provides corporate and personal taxation service and also attends to matters relating to “Value Added Tax” (VAT). There are seniors specializing in these fields and as a result the taxation department excels in meeting the needs of its clients.

Range of services include:

• corporate income tax
  
• personal income tax
  
• indirect tax
  
• compliance services
  
• international tax.
  
  

The services provided by the taxation division are:

• completion and filing of self assessment returns for companies and individuals
• computation of tax liability for companies and individuals
• undertaking of tax planning and consultancy work
• attending to additional tax assessments raised by the tax authorities
• attending and corresponding on behalf of the client to in-depth audits carried out by tax authorities and other tax queries raised by the authorities
• obtaining PIN numbers and certificates
• obtaining exemption certificates for clients where applicable
• payments and processing of instalments, final taxes and withholding tax payments on due dates
• newsletters and updates are sent out to clients regularly during the year, to cover budget, PAYE, withholding tax and other amendments to taxation matters
• seminars are organized and hosted by the firm, to update clients on taxation regulations.

The services provided by the Value Added Tax (VAT) division are:

• advising clients on the applicability of VAT regulations, specific to their business
• consultancy services
• informing and advising on correct completion of monthly VAT returns and other documents where applicable
• registration of a business for VAT and obtaining VAT number and certificate
• assisting in the procedures to deregister a business under VAT regulations
• liaising on behalf of the client, with the VAT authorities, when audits are conducted by them
• certificate of refund of VAT where applicable.