Panel Member In The Spotlight

PROFESSOR PETER SURTEES

MCom (Rhodes), CA (SA)


Master Tax Practitioner SA Institute of Tax Professionals
Registered Tax Practitioner
Previously at Norton Rose Fulbright

 

Peter practised as a Chartered Accountant (SA) in Bloemfontein for 19 years before joining the staff of Rhodes University, where he rose to be head of the department of accounting and deputy dean of the Faculty of Commerce. His main subject area was tax, with forays into auditing.

In 1998, he took early retirement and moved to Cape Town.  He joined Deneys Reitz Attorneys (now Norton Rose Fulbright), where he was a director in the tax division until his retirement in 2015.  His activities covered the entire gamut of income tax, value-added tax and estate duty, including, amongst others:

Corporate tax structures

Advising on tax aspects of commercial agreements

Opinions on numerous matters

Restraint structures

Dissolutions of partnerships

Incorporation of professional practices

Employee share option schemes

Employee remuneration structures

Lease agreements

Offshore structures and activities, relating to income tax, VAT and estate planning

Estate planning, including wills and trusts

Preparing letters of objection for submission to Revenue

Representing clients at ADR meetings

Identifying developments in the field and informing staff

Presentations to clients and staff on tax matters

Establishing the tax implications of share buybacks

Advising on the tax implications of BEE structures

Employee share schemes

Advising staff on matters of accounting principles and practice

Advising staff on accounting implications of company law

Peter was also on the staff of the department of finance and taxation at the University of Cape Town from 1998 until the end of 2016, where he presented the MCom (Taxation) course.

He now lives in Napier, from where he continues to run his taxation practice in all areas of taxation and estate planning.  The bulk of his client base consists of small and medium sized legal and accounting firms requiring tax and related advice.

He was until its demise in 2017 a member of the editorial panel of Integritax, the tax publication of the South African Institute of Chartered Accountants. He is a member of the editorial panel of the Tax Chronicles Monthly, the tax publication of the SA Institute of Tax Professionals and the SA Institute of Professional Accountants.

He is also a member of the tax court.