Disputing SARS decision and assessments
A taxpayer who is aggrieved by an assessment or decision of SARS against that taxpayer has the right to dispute that assessment or decision. If an original assessment has not been issued, SARS may request a taxpayer to submit an amended return to correct an undisputed error made in the prior return. In the case […]
RECENT COURT CASE ON THE IMPOSITION OF UNDERSTATEMENT PENALTIES
The Supreme Court of Appeal (“ZASCA”) delivered a judgment[1] on 26 February 2019 on the imposition of understatement penalties as provided for in the Tax Administration Act .[2] In this case, the taxpayer paid provisional income tax (“IT”) of R13.8 million to the South African Revenue Service (“SARS”) for the 2011 to 2014 years of […]
DIE BEREKENING VAN RENTE BETAALBAAR TUSSEN BELASTINGBETALERS EN DIE SAID?
Die Wet op Belastingadministrasie (Engels: Tax Administration Act of TAA) skryf algemene beginsels voor wat toegepas moet word wanneer rente aan of deur die SAID betaalbaar, bereken word. Die doel hiervan is om ‘n meer regverdige en uniforme manier van renteberekening daar te stel vir beide belastingbetalers en die SAID. Soos met die meeste dinge […]