The Remittance Of Administrative Non-Compliance Penalties
10 December 2013
Posted by: Author: Charl Hall
Author: Charl Hall (Mazars)
Since the enactment of the Tax Administration Act (TAA) the South African Revenue Services (Sars) has tightened the screws to encourage taxpayer compliance. A number of new penalties are being introduced to ensure taxpayers are compliant and their tax affairs are in order.
For taxpayers who have been charged with administrative non-compliance penalties, there is a light at the end of the tunnel as set out in Section 216 - 218 of the TAA. In this regard, there are three remittance scenarios that can apply to a taxpayer.
1. Remittance of a penalty raised for the failure of registration as a taxpayer as and when required:
In this instance the penalty can be waived in whole or in part by Sars, if the taxpayer voluntarily approached Sars and disclosed the failure to register as a taxpayer or, has filed all the returns required under a tax Act.
To read the full article please click here:
This article was first published on moneywebtax.co.za