TAX REVIEW
Tax Review
Filing is one thing. Filing correctly and supporting the position is another.
An independent review of a submitted or proposed South African tax position, before a response, correction or escalation is decided.
THE SERVICE
A review tests the position, not just the return.
Anchor considers whether the tax treatment is correct, complete and capable of being supported by the facts, calculations and records available.
WHEN THIS MAY MATTER
When a tax review may be useful.
- CASE.01
A return needs an independent look
A prior preparer completed the return, or the taxpayer wants a second view before relying on it.
- CASE.02
The facts are not straightforward
Foreign income, residency, deductions, exemptions or a particular treatment may need to be examined against the actual circumstances.
- CASE.03
SARS has started asking questions
Understanding the position and the available support can help determine whether verification material or a correction is required.
ANCHOR'S ROLE
What Anchor examines.
The work is scoped to the matter, but normally brings three things together.
- 01
Position
The return, assessment or proposed treatment, including whether relevant deductions, exemptions and treatments were considered.
- 02
Calculation
How the reported amounts were derived and whether they reconcile to the information underlying the return.
- 03
Evidence
Whether the available records properly support the position taken, and where a material gap remains.
INFORMATION & EVIDENCE
The relevant file depends on the position.
This may include the return, tax certificates, calculations, correspondence and records that explain the material amounts. Foreign income, residency or travel facts may require additional records.
- REF.01Return and assessment records
- REF.02Tax certificates and payslips
- REF.03Calculations and supporting schedules
- REF.04Bank, contract or invoice evidence
- REF.05SARS correspondence
- REF.06Foreign-income, residency or travel records where relevant
IF AN ISSUE IS IDENTIFIED
The review does not predetermine the route.
The appropriate outcome may be that no material issue is identified, that a correction or further evidence is needed, that verification support should be prepared, or that a formal dispute warrants consideration.
WHAT HAPPENS NEXT
A clear view before the next response.
Anchor first establishes the scope and records available, then explains the practical next step for the matter.
- 01Review the submitted or proposed position and the material facts.
- 02Identify support, gaps and any correction or clarification required.
- 03Recommend a proportionate next step, which may include verification support or, where appropriate, dispute assessment.
START WITH THE POSITION
Request a tax position assessment.
Begin with the return or assessment, the facts that matter and the records available to support the position.
Request a Case Assessment