No taxpayer should or would ever want to be on the wrong side of the tax law. Unfortunately, taxpayers often find themselves in a potential or actual position of non-compliance, and SARS levies penalties and interest for such non-compliance.
This course aims to clarify which penalties and interest may be levied for what kind of non-compliance and how to have such remitted.
• 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
This course would benefit taxpayers, tax professionals, accountants, business owners, advisors, and auditors.
