Deloitte South Africa has sold its tax software business to
Thomson Reuters.

Tax software disposed of in the sale include products such
as CorpSmart, ContractorSmart and Vatrax.

Deloitte South Africa taxation services leader Nazrien Kader said
the 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.”

Deloitte partner responsible for the tax technology business Duane
Newman said that the firm firmly believes that this sale will have
a positive impact on its current clients in the tax technology

Financial terms of the sale were not disclosed.
Deloitte said it will work together with Thomson Reuters in rolling
out the current suite of products, noting that the two firms
already work together on a global scale.