During February 2019, Judge Molemela in the Supreme Court of Appeal in Purlish Holdings v CSARS, had to decide whether the Tax Court was entitled to increase the understatement penalties levied by SARS.
From the beginning of this year, SARS started levying non-compliance penalties, following the issuing of a public notice where companies failed to submit returns of income.
In this webinar, we will deal with the levying of the administrative non-compliance penalties and the understatement penalties. Specifically, when SARS must impose a penalty, how it is calculated and what remedies are available to the taxpayer.
If a tax debt is not paid in full by the effective date, interest accrues, and is payable, on the amount of the outstanding balance of the tax debt. The webinar will deal with the general interest rules and when the taxpayer can make a request for the interest not to be payable.
SAIT member: R395
Other members: R475
Company Price: R950
This webinar and successful completion of the online assessment will secure
2 hours verifiable output Tax CPD