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.