This module comprises of three topics. Topic one covers SARS’ pre-assessment obligations in relation to taxpayers – this is a topic often overlooked by tax professionals. Understanding what SARS’ pre-assessment obligations are and identifying when SARS has not complied with same is very important. Topic two covers thew all important administrative non-compliance penalties – in particular when SASR can impose same and what the remedies and procedures are for remittance of such penalties. Topic three covers the most extreme of monetary tax penalties: the understatement penalty. In particular, we look at when the penalty may be imposed, how it is calculated, and when it may be remitted. This module includes an analysis of pertinent case law on the relevant topics.
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