Johannesburg, 21 Jun 2011
Deloitte South Africa has had a proud tradition of over 10 years of developing tax software and assisting businesses in implementation of the class-leading tax software. Deloitte South Africa has sold this business to Thomson Reuters with immediate effect.
Nazrien Kader, Service line leader of Taxation Services at Deloitte, states: “This sale is in line with Deloitte's global tax technology strategy of offering clients world-leading tax technology implementation and advisory services while remaining independent.”
Duane Newman, Deloitte partner responsible for the tax technology business, states: “We are pleased to announce this sale to a global player such as Thomson Reuters. The class-leading tax software products to be sold include CorpSmart, ContractorSmart and Vatrax.”
The Tax & Accounting business of Thomson Reuters specialises in tax software and its objective is to accelerate the further development of tax solutions in the African market. The Deloitte growth strategy is to advise companies on the implementation of tax technology resources in the South African market and to accelerate development and adoption of the software into the rest of Africa.
Deloitte will work with Thomson Reuters in rolling out the current suite of products and other leading Thomson Reuters tax solutions such as ONESOURCE.
Deloitte already works with Thomson Reuters on a global scale - delivering clients strong cutting-edge technology that streamlines the compliance process.
Duane Newman adds: “We at Deloitte firmly believe that this sale will have a positive impact on our current clients of the Deloitte Tax Technology Business.”
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