Taxpac

Tax & Vat Alert

We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, they assist business executives...

SA Budget 2014

Across the world, there is impatience at the slow pace and poor outcomes of international cooperation, and there is anger about the impact of financial and governance failures on ordinary people, on employment and on livelihoods. But anger is not enough – we have...

Paying Taxes 2013

Paying Taxes 2013 is a unique study from PwC, World Bank and IFC which looks at the world's tax systems from the business perspective, providing an ability to compare tax regimes in 185 economies using a case study company...

ED Practices and remuneration trends report 2013

As the global economy has shown signs of market recovery but not at the pace anticipated, we are finding companies are once again investing in recruiting and retaining talent in an effort to align people strategy with...

AfriTax News

Welcome to AfriTax, our quarterly newsletter which provides you with a snapshot of the most significant recent tax changes on the African continent. For more detail on the relevant changes, go to the link containing a detailed document summarising the changes...

Non-Executive Directors Report

Welcome to our sixth edition of the annual review of the practices and fees trends of non-executive directors in South Africa. For the first time, this publication looks at the risk landscape facing...

Tax Law Review

The introduction of the TAA (Tax Administration Act) is primarily intended to incorporate into one piece of legislation certain generic administrative provisions which are currently duplicated in various Tax Acts. Whilst this is a eaningful result in itself...

HR Quarterly

A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, it assists business executives to identify developments and trends in tax law...

Tax Synopsis

A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally....

With the constantly changing and strict tax compliance requirements of the South African Revenue Service (SARS), meeting ones tax compliance obligations on a timeous basis has become an increasingly complex and onerous task.

Tax compliance is no longer about simply “filling in a form” and PwC recognises that often the most time-consuming task of the compliance process, is the preparation of ones annual corporate income tax return (IT14) together with ensuring compliance with the comprehensive disclosure requirements prescribed by SARS.

PwC has therefore developed Taxpac, a corporate tax compliance tool aimed at helping you maximise the efficiency of preparing your IT14 together with supporting tax schedules which meet such strict compliance requirements.

Modelled based on the IT14 and the various disclosure requirements prescribed by SARS, Taxpac provides users with a well structured information-gathering format (in the form of a controlled macro-enabled Excel workbook) for capturing data and calculating their income tax liability in a standardised and efficient manner.

Taxpac is ideal for corporate taxpayers who wish - and have the resources - to complete their tax returns in-house and want to reduce the costs of their income tax return preparation process.

Taxpac is easily and conveniently generated and downloaded via the web and provides easy to understand on-screen guidance for completion. Once generated, the pack is easily accessible and transmittable for users to work on.

In addition to improving the process of gathering data, Taxpac will assist in identifying and ensuring that the correct and necessary disclosures are made in order to meet statutory requirements, therefore improving the quality of and turnaround time of ones tax return submissions.

Benefits of using Taxpac

  • easy to use;
  • ensures a structured approach to the preparation of ones corporate income tax return and supporting schedules;
  • ensures complete, comprehensive and accurate disclosure is achieved;
  • assists in managing your tax compliance risk through early identification of tax risks / issues.

By increasing the efficiency of the compliance process through the use of Taxpac, our clients are able to better manage their tax compliance obligations and at the same time minimise their tax risk.