Tag: settlement negotiation

The Community Schemes Ombud Service is a regulatory body developed to assist with and resolve 'community scheme' related problems. The Community Schemes Ombud Service Act defines a community scheme as "any scheme or arrangement in terms of which there is shared use of and responsibility for parts of land and buildings, including but not limited to sectional titles development scheme, a share block company, a home or property 'owner's association, however constituted, established to administer a property development, a housing scheme for retired persons, and a housing co-operative as contemplated in the South African Co-Operatives Act".

Transfer pricing audits can be onerous, but taxpayers can achieve a more successful outcome by providing all information requested, anticipating areas of concern, and engaging openly with the South African Revenue Services (SARS).