Attending the course and successfully completing the post-assessment, will grant you
1.5 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Being on the wrong side of the tax law is a place no taxpayer should or would ever want to be. Unfortunately, it often happens that taxpayers find themselves in a potential or actual position of non-compliance, where SARS levies penalties and interest for such.
This course is the second in our 5-part series, and aims to clarify which penalties and interest may be levied for what kind of non-compliance, as well as the process of having such remitted.
Please note that while these courses are presented as a series of related matters, they cannot be booked as a bundle and bookings are to be made for each course on its own.
This session will cover the following:
• Main interest and penalty provisions from legislation, and the circumstances in which they would be charged / levied:
o Administrative non-compliance penalties
o Reportable arrangement penalties
o Percentage based penalties (Understatement and tax evasion penalties)
o Understatement penalties for provisional taxes
• The process for remittance of interest and penalties
• Offences related to non-compliance and their consequences
• Voluntary disclosure programme relief from interest and penalties
• Considerations for tax practitioner compliance
Taxpayers, tax practitioners, business owners, advisors and other professionals might benefit from this course.
