Taxation
Genesis Consultants offers comprehensive tax services designed to help businesses and individuals navigate the complexities of tax regulations, maximize tax efficiency, and ensure compliance with all relevant laws. We prepare, file, submit, and handle all business tax queries. Our firm is committed to helping you navigate the complexities of tax laws and regulations, ensuring full compliance and minimizing risks.
Our Services include
Corporate Tax
Corporate tax is a direct tax imposed on the profits of businesses. All companies operating within a jurisdiction are required to pay corporate tax on their taxable income. We provide comprehensive corporate tax planning and compliance services, helping you navigate the complexities of corporate tax law, optimize your tax position, and ensure all obligations are met accurately and timely.
Value Added Tax
Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It’s typically included in the price paid by the final consumer. We offer VAT registration, compliance, and advisory services to help your business manage VAT efficiently. From filing returns to handling audits, our team ensures you stay compliant and make the most of available VAT credits.
Pay-As-You-Earn
Pay-As-You-Earn (PAYE) is a method of tax collection where employers deduct income tax and other social security contributions from employees’ salaries and remit them to the tax authorities. We assist with setting up and managing PAYE systems, ensuring that your payroll processes comply with all regulations. Our services include payroll calculations, filing returns, and advising on PAYE obligations.
Fringe Benefit Tax
Fringe Benefit Tax (FBT) is a tax applied to the benefits that employees receive from their employers in addition to their salary or wages. These benefits can include company cars, private health insurance, low-interest loans, and other perks. Our services include FBT compliance, calculation, and advisory. We assist you in: Identifying and valuing fringe benefits, Ensuring accurate FBT reporting and payment, Advising on strategies to minimize FBT liability, Navigating complex FBT regulations and keeping up with legislative changes. By managing your FBT obligations effectively, we help you maintain compliance, optimize your compensation packages, and avoid potential penalties.
Withholding Tax
Withholding tax is a government requirement for the payer of an income (such as dividends, interest, or royalties) to withhold a portion and remit it directly to the government. This tax is usually deducted at the source. Our services include guidance on withholding tax obligations, assistance with accurate calculation and timely remittance, and support in obtaining any applicable withholding tax exemptions or reductions.
Customs Duty
Customs duty is a tax imposed on goods imported into a country. The rate of duty varies depending on the type of goods and their country of origin. Our team offers services in customs duty planning, compliance, and dispute resolution, ensuring smooth and cost-effective import operations.
Capital Gains Tax
Capital Gains Tax is levied on the profit made from selling an asset such as property, stocks, or business assets. The tax is applied to the difference between the sale price and the original purchase price. We provide expert advice on capital gains tax planning and compliance, helping you minimize your tax liability through strategic asset management and timing of sales.
Excise Duty
Excise duty is imposed on specific goods produced locally or imported, such as alcohol, tobacco, and fuel. The rates and regulations vary based on the type of goods. We assist with excise duty compliance, including registration, reporting, and strategic advice on managing the impact of these duties on your business.
Why choose us?
With years of experience in tax consultancy, our team has the knowledge and skills to handle all your tax needs efficiently and effectively. We understand that every business is unique. We offer tailored tax solutions that meet your specific requirements and help you achieve your financial goals. Our firm is committed to helping you navigate the complexities of tax laws and regulations, ensuring full compliance and minimizing risks.
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