Rustenburg Local Municipality seeks a service provider for VAT recovery services over 36 months. Key requirements include compliance with VAT legislation and detailed reporting on recovery opportunities.
The Rustenburg Local Municipality is inviting bids for the appointment of a service provider to deliver comprehensive VAT recovery services for a period of 36 months. The selected provider will be responsible for conducting thorough reviews and reconciliations of both output and input VAT, ensuring compliance with the Value-Added Tax Act and relevant accounting standards. This includes identifying discrepancies, facilitating VAT recovery from SARS, and providing audit support. The service provider will also be expected to offer technical support, advisory services, and training to municipal officials to enhance internal VAT management capabilities.
The scope of work encompasses detailed VAT reviews, accounting treatment validation, and engagement with SARS regarding VAT queries and refunds. The appointed service provider will be required to prepare and maintain a complete VAT audit file, ensuring audit readiness and compliance with legislative requirements. Additionally, the provider will implement a risk-based approach to VAT recovery, focusing on maximizing recovery opportunities while minimizing potential liabilities. This tender represents a valuable opportunity for businesses specializing in VAT consulting and recovery services to partner with a local government entity, contributing to improved financial governance and compliance.
This tender is suitable for businesses specializing in VAT consulting, tax compliance, and financial advisory services, particularly those with experience in municipal or public sector engagements.