What is VAT IT ADD?
VAT IT ADD was developed due to a requirement from our clients for a quick point of reference to obtain assistance with various Value-Added Tax (VAT) and Corporate Income Tax (CIT) related matters and inquiries. VAT IT ADD’s objective is to provide our clients with real-time solutions and advice in respect of VAT and CIT related issues without the need to obtain formal, costly and delayed advice from third parties. By subscribing to VAT IT ADD, our clients will have instant access to our panel of VAT and CIT experts through e-mail correspondence.
With our extensive experience in VAT and CIT consulting, we understand the important role of a specialist service provider who can be easily accessed and relied upon when required. We believe that VAT and CIT consulting can only be efficiently provided with specialised technical knowledge and with cutting edge data analytic tools and software. VAT IT utilises its cutting edge data analytics tools VAT IT Data Finder© and VAT IT Synoptic© to ensure accurate and timely recommendations to our clients.
VAT IT ADD
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Advisory
Your VAT & CIT Consultant
With our extensive experience in VAT and CIT consulting, we understand the important role of a specialist service provider who can be easily accessed and relied upon when required.
Why should I subscribe?
Eliminate risk and exposure by obtaining solutions based on VAT and Income Tax Best Practice
Save on Advisory costs
Reduce unnecessary delays by obtaining instant advice
Alleviate resource pressure in your internal Finance Department
Benefit from discounts on all other services
Ensure correct procedures are followed when engaging with SARS
Our available packages
Silver Package
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Silver Package
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R9,999
per month
R5,999 p/m
VAT Only
R5,999 p/m
Income Tax Only
The Silver Package has the following benefits for subscribers:
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General VAT and/income Tax Queries
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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
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Guidelines and advice as to the correct VAT and/Income Tax treatment of transactions
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Guidance on completion of VAT 201 and ITR 14 return fields
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Review contracts and agreements to assess VAT and Income Tax implications
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Guidance on Investment Grants and Tax Incentives
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Guidance and advice during SARS VAT audits
Silver package members will receive a response via a summarised email.
10% Discount on non-package services*
*Other services include: Services unique to the Gold PAckage, Client meetings, Export reviews, Alternative Dispute Resolution, VAT return re-submission screening, Written opinions, Ruling applications, Contingent savings reviews and other VAT & Income Tax consulting services.
OR
OR
Gold Package
The Gold Package has ALL the benefits of the SIlver Package plus the following:
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IT14SD reconciliation assistance and resolving same
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VAT IT will conduct an annual VAT Risk Review (VRR) to investigate the following:
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VAT IT will conduct an annual high-level ITR 14 review
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R24,999
per month
R14,999
VAT Only
R14,999
Income Tax Only
20% Discount on non-package services*
OR
OR
*Other services include: Client meetings, Export reviews, Alternative Dispute Resolution, VAT return re-submission screening, Written opinions, Ruling applications, Contingent savings reviews and other VAT & Income Tax consulting services
Package Comparison
VAT ONLY
INCOME TAX ONLY
VAT ONLY
INCOME TAX ONLY
BENEFIT INCLUDED IN PACKAGE
R5,999/month
R5,999/month
R14,999/month
R14,999/month
General VAT and/or Income Tax queries
Review of correspondence to SARS (for above)
Guidelines on VAT and/or Income Tax Transactions
VAT 201 and ITR 14 Return Fields
Investment Grants & Tax Incentives (Guidance)
SARS Audits (Guidance & Advice
VAT and/or Income Tax Registration & Deregistration
Written Summary of Advice
IT 14 SD VAT Reconciliation
Annual Vat Risk Review (VRR)
Full Package Only
ITR 14 Review
Full Package Only
Other Services*
10% Discount
10% Discount
20% Discount
20% Discount
OR
OR
Silver Package
Gold Package
Full Package (VAT & Income Tax)
R9,999/month
Full Package (VAT & Income Tax)
R24,999/month
Terms & Conditions
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*Other services include: Client meetings, Export reviews, Alternative Dispute Resolution, VAT return re-submission screening, Written opinions, Ruling applications, Contingent savings reviews and other VAT & Income Tax consulting service.
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The monthly fee is subject to the acceptance of a minimum contract of twelve (12) months.
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A discounted monthly fee is offered for every other connected party as defined in the Income Tax Act and/or separately VAT registered division within the Company, subject to a minimum contract of twelve (12) months for each such connected party or separately registered division.
