Our advisory is anchored on understanding our clients’ business and the legal environment in which it operates. This is achieved by conducting a thorough review of all financial and legal documents to ascertain risks and opportunities.
KEY FOCUS REVIEW AREAS
Statements of account and notices of assessments issued by the ZRA, if any.
Tax returns submitted for CIT, PAYE, VAT, WHT, and ED.
Relevant correspondence with the ZRA and advisors to understand the principles used in tax calculations.
Historic elections, rulings, or agreements relevant to the review period, including their impact on tax treatment.
Financial statements and source documents reviewed to identify transactions for each tax stream.
Applicable tax rules matched to transactions to ensure compliance and accuracy.
TECHNICAL METHADOLOGY
Planning Tax Audit
Provision of a specialist tax advisor to oversee the audit.
Advisory on Tax Legislation
Guidance to management on changes in tax legislation or practice.
Dispute Resolution
Work with Zambia Revenue Authority (ZRA) on issues that could lead to fines or penalties.
Deliverables
Provide reports, prepare submissions to the ZRA, and attend tax meetings on request.
Tax Advisory Support
Provision of tax advice, responses to queries, and professional opinions on tax matters.
Research & Documentation
Prepare research, memos, and attend meetings on the outlined matters.