OUR FEES
MM
Tax Holdings offers two fee models. The model that applies depends on the
service required: a performance-based fee for tax dispute and debt matters, and
a fixed monthly fee for ongoing compliance services.
MODEL
1: PERFORMANCE-BASED FEE
For tax dispute, debt, and SARS resolution matters
|
R0
Upfront |
No
payment is required before work commences. |
|
10%
of Tax Saved |
Our
fee is 10% of the reduction achieved on your overall tax liability, as
confirmed by SARS in writing. |
|
21
Working Days |
Standard
time frame for completion of the engagement. |
Services
covered:
Offer of Compromise (Section 200)
Tax Dispute Resolution
Objections
SARS Audit
Request for Corrections
Payment Arrangements
MODEL
2: MONTHLY SERVICE FEE
For ongoing compliance and tax administration
|
Monthly |
A
fixed monthly fee, agreed upfront in your engagement letter. |
|
Month-to-month |
No
long-term contract: 30 days notice to cancel. |
|
Fixed
scope |
Covered
services are included in the fee, with no hidden charges. |
Services
covered:
- 1. Compliance Maintenance: monitoring
of your SARS profile, tax compliance status and Tax Compliance Status
(TCS) PIN, with alerts on outstanding returns or debt.
- 2. Returns Submission: monthly and
periodic returns (VAT201, EMP201), bi-annual EMP501 reconciliations,
provisional tax (IRP6) and annual income tax returns (ITR12 / ITR14).
- 3. Tax Administration and Registration:
registration for Income Tax, VAT, PAYE, UIF and SDL, updates to registered
particulars, and correspondence with SARS on your behalf.
OTHER
SERVICES – QUOTED ON REQUEST
Annual Financial Statements, Independent Review, Customs Registration (Imports
and Exports), Advance Tax Rulings.
FREQUENTLY
ASKED QUESTIONS
- 1. Which fee model applies to me?
Dispute and debt matters are charged on a performance basis. Ongoing
compliance services are charged monthly. A client may use both.
- 2. Do I pay anything upfront? Not
for performance-based matters. Monthly fees are payable in advance each
month.
- 3. What if my matter involves both?
Each service is billed under its own model, as set out in your engagement
letter.
- 4. How is the saving calculated?
As the difference between the original liability and the final amount
confirmed by SARS in writing.