“wisdom is knowing what you don’t know” – Socrates
A tax consequence follows almost any transaction. Sometimes, the tax consequences are simple and straight forward. Given the complexity of our tax law though, the tax implications of a transaction is often not simple. Unless you are a tax specialist and keep up to date with frequent changes in tax law, it is very easy to miss something crucial. It is highly important to understand the tax obligations associated with a transaction. Failing to do so may result in unwanted/unexpected tax liabilities and penalties.
Our team of core tax specialists (ex-SARS auditors, accountants, master tax practitioners and lawyers) is extremely well versed in South African tax law. An opinion from us on the tax consequences of your transaction/(s) ensures you are fully compliant. It will also prevent unwanted surprises from SARS. Further still, if you do get an opinion from us, you are protected against certain penalties SARS could otherwise impose.
We express formal opinions on a wide range of transactions. Contact us for more information.