EDUCATION INDUSTRY
Cyber Threats: Top Hackers threatening Higher Education Institutions right now!
Who are these gold miners, and what do they have to gain?
Services
Advisory services
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Digital and Analytics
We have developed distinctive capabilities in digital advisory and data analytics that are key to the success of dynamic organisations.
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Business Consulting
Our business consulting services help organisations improve operational performance and productivity throughout the growth life cycle.
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Corporate Finance & Restructuring
We combine our insights and experience to provide a comprehensive range of advisory and corporate finance and restructuring solutions.
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Internal Audit
Our internal audit service is designed to provide both assurance and consulting assistance on the adequacy and effectiveness of an organisation’s system of internal controls.
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Business Risk Services
Our service is focused on enabling broader risk coverage and proactive management of risks for the achievement of organisational strategy.
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Business Process Solutions
We work with a multitude of organizations to improve their finance function efficiency, reduce costs associated with business processes and provide a complete solution to the challenge faced by South African organizations.
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Programme Assurance & Advisory
Our aim is to protect shareholder value by providing Assurance and Advisory services on change portfolios and large-scale programmes to assist organisations.
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Forensic Services
Our forensic capability is integrated with our wider advisory services – not an add-on.
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Cyber Advisory
Our Cyber Advisory service is designed to help you identify, protect, detect, respond and recover from cyber-attacks.
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IT Advisory Services
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
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SNG ARGEN
We have a dynamic actuarial team set to assist businesses to comply with the audit standards where actuarial services are required.
Assurance services
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General Audit
We provide a sound statutory audit of financial statements specialising in both listed entities and state-owned organisations.
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Financial Services Group (FSG)
The Financial Services Group (FSG) offers specialised audit and advisory solutions to the banking, treasury and financial services sectors.
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Technical Excellence
We have a well-established specialized technical division, with in-depth, local and international knowledge and experience, which consists of three units namely; Accounting, Audit and Sustainability reporting.
Tax Advisory services
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Corporate Tax
We offer your business access to a global network of tax specialists in over 130 countries with extensive corporate tax technical skills to provide meaningful advice and adding value to your organization.
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Value-Added Tax
We can manage your overall exposure to indirect taxes, guide you through complex South African Value-Added Tax (VAT) legislation.
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Global Mobility
Taxes can be complicated, but the SNG Grant Thornton approach is to assist the new assignee with a clear and easy process.
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Customs and Excise Tax
Our Customs and Excise team assist traders with driving cost-effective supply chains while maintaining legitimate trade.
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Tax Technology
This is the lynchpin of our tax audit and advisory approach in making the tax function of our clients effective in data management tools.
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International Tax & Transfer Pricing
Our team is ideally suited to serve large multinationals and other global companies that need on the ground expertise in multiple jurisdictions, given our extensive network of offices around the globe.
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Specific Focus Areas
We have a team of dedicated tax specialists with deep knowledge to bring practical and cost-effective tax solutions to our clients and assist entities operating within these sectors to effectively manage their tax needs.
Industry Hub
We combine deep industry expertise with newly uncovered insight to offer you long term solutions that are both illuminating and actionable for your company's...
With our forward-thinking approach, we can help you identify business risks and potential obstacles and help clients leverage legacy and emerging technologies...
We offer specialised audit and advisory solutions to the banking, treasury, and other financial services sectors.
We at SNG Grant Thornton are uniquely placed to provide proactive service delivery and expertise that is locally focused in the longer term to help your...
Our team possess a wealth of expertise and a strong record in this industry to bring you pragmatic solutions that are realistic and sustainable
We assist both public and private sector organizations to adapt to the shifting tourism environment.
We know that every organisation is different. We offer your organisation advice and tailored solutions based on our Education Sector expertise to meet its...
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Business Consulting
We provide fit-for-purpose solutions to address major challenges the Education sector faces by supporting our clients.
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Employees’ Tax Services
Its important to ensure that the institution complies with the tax legislation and that all payroll records are accurate and complete.
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Programme Assurance & Advisory
The need for sound project management and effective solution delivery gives you the edge in competitive markets.
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Forensic Services
Fraud detection review and forensic investigation for Higher Education
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Digital and Analytics
The digitalisation of processes within the higher education sector leads to increased data generation. This data can be an essential asset when leveraged correctly.
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Cyber Security Services
There is no one-size-fits-all security solution to preventing all attacks, but we have cybersecurity strategies that education institutions can use to minimise cyber threats.
Related insights:
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1 min read
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03 Oct 2022
How are you ensuring your organisation is sustainable for the future?
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Sustainable Development Goals (SGDs)
SDG Impact Standards Training Course
Tax incentives for businesses involved in the generation of electricity.
In this article
Customs valuation is the process where customs authorities assign a monetary value to a good
or service for the purposes of import or export. Generally, customs authorities engage in this process as a means of protecting tariff concessions, collecting revenue for the governing authority, implementing trade policy, and protecting public health and safety.
Customs duties, and the need for customs valuation, have existed for thousands of years among different cultures, with evidence of their use in the Roman Empire, the Han Dynasty, and the Indian sub-continent. The first recorded customs tariff was from 136 in Palmyra, an oasis city in the Syrian desert.
Beginning near the end of the 20th century, the procedures used throughout most of the world for customs valuation were codified in the Agreement on Implementation of Article VII of
the General Agreement on Tariffs and Trade (GATT) 1994 (“the Agreement”).
The methods of customs valuation, in descending order of precedence, should strictly be applied as follows:
- Transaction Value of Merchandise in Question - price actually paid or payable for the goods sold.
- Transaction Value of Identical Merchandise
- Transaction Value of Similar Merchandise
- Deductive Value
- Computed Value
- Derivative Method
This hierarchy is codified in domestic legislation.
There are high potential risks associated with customs valuation.
- It is easy to jump the steps and base your individual valuation on a particular industry norm.
- Cost elements may not all be included in the required correct cost price of the imported product.
- The importer may not adjust costs on Incoterms2020 used to arrive at the valuation point for such imported goods.
- Incorrect valuation leads to underpayment of customs duties and imports VAT with potential high penalties and interests demanded by SARS, which also leads to overpayment of the same applies.
SNG Grant Thornton Tax Advisory Services have researched mistakes and areas overlooked by importers, clearing agents, and owners of imported goods in this area. Research is for a customs health check to look at the most risky areas in the import value chain processes for high customs compliance and mitigating business risks.
We can also equip personnel in the customs area in your company with training in order to detect potential risks first hand in their duties.