Tax penalties and interest matters
Articles pertaining to administrative matters
Penalties 1787. New provisions to apply from 23 November 2009 November 2009 - Issue 123 Historically, the Income Tax Act No. 58 of 1962 (the Act) contained various provisions whereby the Commissioner: South African Revenue Service could...
Employees’ Tax 1778. Penalties on non-submission of returns October 2009 - Issue 122 With the recession and financial difficulties being experienced in many sectors of the economy, it is certain that the budget chase will be a lo...
General 1760. Interest on refunds of taxes overpaid August 2009 – Issue 120 Companies, as provisional taxpayers, are obliged to pay provisional taxes, which are payments on account of the liability that will ultimately be assessed. Two compulsor...
General 1739. Administrative penalties June 2009 – Issue 118 Previously, the Income Tax Act, Act No 58 of 1962 (the Act), contained various provisions whereby the Commissioner: South African Revenue Service (the Commissioner) could levy penaltie...
General1739. Administrative penaltiesJune 2009 – Issue 118 Previously, the Income Tax Act, Act No 58 of 1962 (the Act), contained various provisions whereby the Commissioner: South African Revenue Service (the Commissioner) coul...
Employees’ Tax1738. Fringe benefits and STC - interest rateJune 2009 – Issue 118 If inadequate interest is charged to an employee (including working directors) on loans (other than for the purpose of furthering his ow...
General1475. Back-door way of compelling SARS to compromise a tax debtJanuary 2007 – Issue 89 Section 91A of the Income Tax Act No. 58 of 1962 (the Act) provides that the Minister may, by regulation, prescribe the circumstances under ...
Voluntary Disclosure Programme 1895. Voluntary disclosure relief November 2010 - Issue 135 Introduction The Minister of Finance announced in the 2010 Budget, presented to Parliament on 17 February 2010, that legislat...