Tax Administration is becoming one of the most challenging and time-demanding aspects of the work of a tax professional and the various penalty provisions of the Tax Administration Act are the main issue. This webinar outlines, in understandable language and with a very practical focus, the various penalty provisions and how and when they apply. Furthermore, the webinar explains the circumstances in which penalties can be waived or reduced and takes you through the process to obtain such relief. The TAA is very technical and specific and it is essential for every tax professional or business person responsible for managing tax risk, to understand the rules and the process that has to be followed.
Delegates will know how and when the various penalty provisions in the TAA will apply and the circumstances in which the penalties can be reduced or waived as well as the process to be followed in achieving this.
• Outline of the various penalty provisions in the Tax Administration Act and an explanation of which penalties apply when
• Circumstances in which one can apply for a penalty to be waived or reduced
• The objection process
• The pay-now-argue-later principle and applying for a suspension of payment
• What to do when there is a problem with the objection process
Tax advisors, taxpayers, accountants, trustees, business owners and managers, bookkeepers and anyone else who deals with SARS.
